Listing ID: 71241
Established Catering and Prepared Meals Operation. Profitable and easy to operate food business with low overhead and huge growth potential. Immaculate kitchen and long term lease in place. Seller will train and provide all recipes, marketing and procedural guidance. Location could easily be converted to ghost kitchen, commissary kitchen or support other formats. Contact Tim Hagar regarding this business. 843-442-1872
- Asking Price: $135,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Seller will train and provide support for negotiated period.
Seller is moving out of state
Huge growth potential for hand-on operator. Bring your catering concept to augment sales!
The venture was founded in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell operating businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be reasons to try to hide the reality of altering demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is really crucial that you not depend totally on a vendor's word, however instead, make use of the vendor's response together with your general due diligence. This will repaint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too thin. Numerous businesses fall 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 think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new customers? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the location, road construction, and employee turnover can affect repeat customers and negatively affect future earnings. One vital point to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to develop a returning consumer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median household income impact future income potential?