Listing ID: 64336
Pralines are a cornerstone of New Orleans and this successful original company has been in business over 15 years as part of the New Orleans culture. With a recipe that has been passed down through generations of this family owned and operated business, this company manufacturers over 13 different flavors of Pralines that are sold and shipped all over the world. The business also offers retail packaged Pralines that are sold in grocery stores, convenience stores, bakeries, gift shops, specialty stores and caterers. This is an excellent opportunity to purchase a proven successful operating business or a business acquisition opportunity to expand your current business. Proof of purchase funds by bank letter, is required to attain the financials of the business. Contact us for details!
- Asking Price: $900,000
- Cash Flow: $172,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
There are two retail outlets with one location serving as the delivery warehouse as well as a retail store. The other location is strictly a retail store of 1500 square feet. The equipment, furniture and fixtures of each location are included in the sale along with a delivery truck. A list of all assets is available for a prospective buyer. (Home Based)
The Seller will offer one month of on premise training in addition to three months of consultation. The Seller will train the new owner in all aspects of the business and all recipes, sales lists, point of sales training is included.
The owner is retiring to spend time with family.
As expected, there are several competitors within the market area of New Orleans, however, this business ships all over the world and has a significant number of retail customers and a brand loyalty due to the consistent number of years in business.
Growth opportunities are outstanding with the addition of outside sales agents such as food brokers to sell the products in other states as well as the addition of retail outlets within the New Orleans and state of Louisiana area.
This Business Is Home Based
The business was started in 2003, making the business 19 years old.
The sale does include inventory valued at $25,000, which is included in the asking price.
The company has 10 employees and is situated in a building with approx. square footage of 4,000 sq ft.
The building is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is very crucial that you not depend totally on a vendor's word, yet instead, use the vendor's solution combined with your total due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses take out loans so as to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that profit margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new consumers? Often times, businesses have repeat consumers, which develop the core of their everyday earnings. Certain factors such as brand-new competition growing up around the location, roadway building and construction, as well as staff turn over can impact repeat clients and also adversely affect future earnings. One crucial thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the local mean house earnings impact future revenue prospects?