Business Overview

Location is mostly everything for one business. Frozen single serve desserts are an item still enjoyed in person, maybe with the company of other people or all alone. It’s not a curbside delivery kind of treat. It’s meant to be enjoyed with friends and family and now as we have opened up social activity, let’s bring it on and visualize yourself making people smile again. This business has been in the same location for about 9 years now and it has outlasted any others in the area. Sales average about $38k a month during the summer. I believe the right person for this business will be an owner/operator of sorts or at least a lot of hands on to encourage the add on sales and be on the street to hear what the consumer truly is telling them or wants. A business in general, like this, generally makes more money when the owner is around. The seller has his main gig that takes him out of town a lot and has huge responsibilities that he can’t give this place the attention it deserves. So, let’s get an NDA signed and see if we can make this happen.

Financial

  • Asking Price: $48,000
  • Cash Flow: N/A
  • Gross Revenue: $352,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,607
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was founded in 2012, making the business 10 years old.

The company has 6 employees and is situated in a building with estimated square footage of 1,607 sq ft.
The building is leased by the business for $5,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the real reason vs the one they say to you may be 2 entirely different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is very important that you not depend entirely on a seller's word, however instead, utilize the vendor's solution combined with your general due diligence. This will repaint an extra practical image of the business's existing situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that revenue margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in brand-new customers? Most times, businesses have repeat clients, which develop the core of their daily profits. Particular aspects such as brand-new competitors growing up around the area, road building and construction, and also employee turn over can affect repeat clients as well as negatively impact future incomes. One vital thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood median house earnings impact future income prospects?