Listing ID: 71305
Great opportunity to own an established business that provides much-needed services
to your community. You’ll also become a part of the fabric of the neighborhoods and
businesses surrounding your location.
The mission of the brand is: “To provide the dream of business ownership through
Franchising; and from this dream, value is added to the lives of our Franchisees,
Employees, Stakeholders and their communities. This franchise is for sale below
the cost of starting a new operation and offers substantial growth opportunities.
The store is well established and located in an affluent area with good traffic. Work with
both retail clients and local businesses. An aggressive owner operator can take
advantage of all that the franchise offers and may be able to substantially grow the
commercial business. Currently this store is not run on a day to day basis by the owner.
Some seller financing may be available to qualified buyers. This business can be
financed by the Small Business Administration.
- Asking Price: $67,500
- Cash Flow: $38,000
- Gross Revenue: $347,000
- EBITDA: N/A
- FF&E: $46,000
- Inventory: $8,000
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The franchisor provides comprehensive training for new franchise owners. The seller will be available if needed by phone or remote video call to transition the business to buyer if needed. The employees are fully trained to run the store on a day to day basis.
The business was founded in 2004, making the business 18 years old.
The sale shall not include inventory valued at $8,000*, which ins't included in the asking price.
The company has 5 PT employees and resides in a building with disclosed square footage of 1,600 sq ft.
The property is leased by the company for $2,533 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is extremely vital that you not count entirely on a vendor's word, yet instead, use the seller's response together with your total due diligence. This will repaint an extra practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day earnings. Specific variables such as new competitors growing up around the area, roadway building and construction, and personnel turnover can impact repeat consumers and also adversely influence future revenues. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the better the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean home earnings effect future earnings prospects?