Listing ID: 72450
This Business is currently in LOI and not available to new Buyers.
Located on Busy street in Brooklyn offering wines from small batch producers and a large selection of organic wines. The store is outfitted in rustic wood creating a welcoming modern space with room for wine tastings. Backyard patio and basement for storage. Absentee run with dedicated and knowledgeable employees. Store is loved by the neighborhood with free delivery giving it 5 star reviews. Turn-Key business and payroll can be drastically reduced with owner operator.
- Asking Price: $225,000
- Cash Flow: $88,000
- Gross Revenue: $783,000
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $130,000
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:860
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
500SF basement and backyard
Living out of state
The business was established in 2008, making the business 14 years old.
The deal won't include inventory valued at $130,000*, which ins't included in the suggested price.
The company has 4 employees and is located in a building with approx. square footage of 860 sq ft.
The property 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 people decide to sell businesses. However, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other reasons. This is why it is very crucial that you not depend absolutely on a vendor's word, but instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint a more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that profit margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new customers? Often times, operating businesses have repeat consumers, which create the core of their daily revenues. Particular variables such as brand-new competitors growing up around the location, road building and construction, as well as personnel turnover can affect repeat customers and also adversely impact future profits. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the greater the possibility to build a returning customer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional median house income influence future revenue potential?