Listing ID: 72614
Proven independent. Established locally for fourteen years.
Great proprietary product and brand. Made In-house
Very Solid historic Profitability.
Revenues are primarily retail now – Room to grow in various ways.
Strategic corner location amid residents, tourists, parks and offices.
The good Equipment for high quality product and plenty of remnaining capacity
Currently employee operated. Could thrive with more hands on owner-operator.
Showing good recovery from the Covid
- Asking Price: $155,000
- Cash Flow: $113,000
- Gross Revenue: $358,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,520
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The facilities offered with this sale are simple, clean & efficient. In addition to the attractive retail storefront, there is a production kitchen where the product is produced which contains the necessary equipment and capacity for growth
Seller will provide
Production kitchen allows better management of profit margins
Add wholesale/manuf and marketing for competitive advantage.
The venture was established in 2007, making the business 15 years old.
The property is leased by the company for $4,832 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. However, the true factor vs the one they tell you may be 2 completely different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or an array of various other factors. This is why it is extremely crucial that you not count totally on a vendor's word, but instead, make use of the vendor's answer combined with your overall due diligence. This will paint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things such as inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new clients? Often times, businesses have repeat clients, which form the core of their everyday earnings. Particular variables such as brand-new competitors sprouting up around the location, roadway building and construction, and personnel turnover can affect repeat customers as well as adversely impact future revenues. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the regional average home income influence future earnings potential?