Business Overview

Established in 2005 by the previous owner, the current owner purchased the business in 2014 and has enjoyed steady profits ever since. Located in a retail center not far from I20, the business is centered in a high traffic area with national franchise eateries, independent yogurt shops, pizza to-go, grocery stores, private schools, churches nearby. The retail strip center has a traffic count of 51,000 cars per day and a population of almost 90,000 people within 3 miles. Donuts, kolaches and other pastries are made fresh daily by the owner and the owner is willing to train 2 weeks as part of a deal or open to training up to 24 months on a daily or hourly rate to ensure that highly quality products continue and the transition is smooth.

Financial

  • Asking Price: $250,000
  • Cash Flow: $65,694
  • Gross Revenue: $282,674
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:950
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business is situated in a retail strip center in 950 square feet.

Is Support & Training Included:

The owner is willing to train 2 weeks as part of a deal or open to training up to 24 months on a daily or hourly rate to ensure that highly quality products continue and the transition is smooth

Purpose For Selling:

Retirement

Opportunities and Growth:

A new owner could engage and market to local schools and non-profits, expand social media presence using a social media platform for communicating to the public about specials, new menu items and more.

Additional Info

The venture was founded in 2005, making the business 17 years old.

The company has 2 Full / 1 Part employees and is located in a building with estimated square footage of 950 sq ft.
The building is leased by the company for $4,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, current reduction in profits, or an array of various other reasons. This is why it is extremely important that you not count completely on a vendor's word, but instead, use the vendor's solution along with your overall due diligence. This will repaint an extra realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new consumers? Most times, businesses have repeat clients, which form the core of their day-to-day earnings. Certain factors such as brand-new competition growing up around the location, roadway building and construction, and personnel turnover can impact repeat customers and also negatively affect future earnings. One essential thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the local mean home income influence future earnings potential?