Listing ID: 64383
Easy running produce sales grocery store , Safe and Fun location.
Historical location and business, small but make good money.
- Asking Price: $350,000
- Cash Flow: $240,000
- Gross Revenue: $850,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
City Produce 209 Edgewood Ave SE, Atlanta, GA 30303, USA
Growing and upgrade
The venture was started in 2004, making the business 18 years old.
The deal shall not include inventory valued at $15,000*, which ins't included in the requested price.
The company has 1 employees and is situated in a building with estimated square footage of 1,000 sq ft.
The real estate is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the real reason and the one they tell you might be 2 totally different things. As an example, they may state "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or an array of various other factors. This is why it is really vital that you not count absolutely on a vendor's word, but instead, use the vendor's response together with your total due diligence. This will paint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new clients? Often times, companies have repeat clients, which create the core of their everyday profits. Certain variables such as brand-new competition sprouting up around the location, road building and construction, as well as employee turn over can affect repeat clients and adversely impact future revenues. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the possibility to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the local typical household earnings impact future income potential?