Listing ID: 71342
Successful business of 10+ years available for purchase. 2,300 sq ft, with space for 8-10 tables. Well maintained spacious bakery/cafe space with ‘below market’ rent of $4,400 in a desirable ‘center of town’ location. This is an incredible opportunity for someone who has been considering a business purchase with a strong sales history and steady customer base. THIS WILL GO QUICK!! contact me today so I can share additional financial details and schedule a tour of the facility.
- Asking Price: $245,000
- Cash Flow: $100,000
- Gross Revenue: $540,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,300
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
available for as long as the new buyer needs
pursuing another business venture, and maintaining a second location
great landlord, low rent, private parking, visibility from street, strong customer base, good profit margin.
expand products offered
The company was established in 2010, making the business 12 years old.
The deal does include inventory valued at $20,000, which is included in the suggested price.
The business has 3 employees and is situated in a building with estimated square footage of 2,300 sq ft.
The real estate is leased by the business for $4,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competition, current reduction in earnings, or a variety of various other factors. This is why it is very essential that you not count totally on a vendor's word, however rather, utilize the seller's response together with your overall due diligence. This will paint a more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans 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 building where the business resides. The business might have existing contracts with vendors that should be satisfied or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their daily earnings. Particular variables such as new competition sprouting up around the area, road building and construction, and also employee turnover can influence repeat consumers as well as negatively affect future incomes. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the chance to build a returning consumer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the local average household earnings influence future income potential?