Business Overview

Subscription-based nutritious meal preparation & delivery company serving the Wasatch Front.

Financial

  • Asking Price: $400,000
  • Cash Flow: $201,237
  • Gross Revenue: $577,655
  • EBITDA: $201,237
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

This business is filling a large consumer need by delivering great tasting NUTRITIOUS hand-made meals to customers along the Wasatch Front on a flexible subscription-based meal plan. Customers select their meal choices online along with the number of days per week they want meals delivered. The owner currently runs a streamlined operation with the head chef working in the business and a capable staff of employees carrying out the meal prep, assembly, and delivery responsibilities. The owner is selling at a low multiple of earnings (2x) so they can get to retirement in a timely manner.

Is Support & Training Included:

3-4 weeks management transition. Additional ongoing consulting negotiable if desired.

Purpose For Selling:

retirement

Additional Info

The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the genuine reason and the one they tell you might be 2 completely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is very crucial that you not count absolutely on a seller's word, but rather, use the vendor's answer along with your general due diligence. This will repaint a more practical picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover things such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too small. Many businesses 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 commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new clients? Many times, companies have repeat customers, which form the core of their day-to-day revenues. Particular variables such as new competitors growing up around the location, road building, and also employee turnover can influence repeat consumers as well as negatively impact future revenues. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning client base. A last idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the local average house income influence future earnings prospects?