Business Overview

This 8 year-old GROWING, PROFITABLE and REPUTABLE family-owned independent popcorn and candy shop serves the OKC Metro Area and the rural communities of Oklahoma City. Word of mouth, social media and reputation have this family-owned company producing revenue GROWTH and a CONSISTENT CASHFLOW. Extensive list of top-of-the-line, industry-specific equipment and inventory is professionally valued at over $50k and INCLUDED IN THE ASKING PRICE! There is significant potential for GROWTH in this business (to name a few): 1) Establish relationships with event planners 2) Grow wholesale through retail establishments 3) Establish a routine set-up up at farmers markets and events and 4) Increase the effort in digital and other marketing.

The owner has decided to retire to spend more time with his family and to travel. Owner will help with the transition of the business and training. There are excellent and loyal employees that come with the business. The business has a CHEAP LEASE with 1.5 years left on it and option to renew. This is a great opportunity to BE YOUR OWN BOSS. THIS WON’T LAST LONG!!

Financial

  • Asking Price: $250,000
  • Cash Flow: $109,000
  • Gross Revenue: $207,000
  • EBITDA: N/A
  • FF&E: $51,000
  • Inventory: $4,000
  • Inventory Included: Yes
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Facility and equipment are in excellent condition and top of the line.

Is Support & Training Included:

Owner is willing to train and support the buyer under terms and conditions to be agreed upon

Purpose For Selling:

Retirement and wants to travel with family

Pros and Cons:

Very little competition of like shops in the area.

Opportunities and Growth:

There is significant potential for GROWTH in this business (to name a few): 1) Establish relationships with event planners 2) Grow wholesale through retail establishments 3) Establish a routine set-up up at farmers markets and events and 4) Increase the effort in digital and other marketing.

Additional Info

The company was started in 2013, making the business 9 years old.
The transaction will include inventory valued at $4,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real factor vs the one they say to you may be 2 entirely different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is really essential that you not rely totally on a vendor's word, however instead, utilize the seller's solution in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new customers? Most times, businesses have repeat consumers, which create the core of their daily earnings. Certain variables such as new competitors sprouting up around the location, roadway building and construction, and personnel turnover can influence repeat customers and negatively impact future incomes. One important thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the possibility to build a returning client base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the regional typical family income influence future income prospects?