Listing ID: 73118
If you enjoy working with kids fashion, this opportunity just may be for you. According to Fortune magazine, the clothing resale market is exploding…but that’s not all! This 8,000 square foot location offers upscale and trendy clothing options for the cost-conscious and environmentally-conscious buyer. In addition to children’s clothing, the inventory includes maternity, toys and games, baby gear, footwear, sports gear, and books. This established franchise has a fully trained staff with a desirable, visible location. You will be able to take advantage of the 25+ year history of this franchise while adding your own personal touch. The current owner is semi absentee, however with your hands on involvement, the seller states that the growth could be tremendous. If you are an entrepreneur and can visualize the growth potential, call me today for more details.
- Asking Price: $137,000
- Cash Flow: N/A
- Gross Revenue: $409,277
- EBITDA: N/A
- FF&E: $119,693
- Inventory: $123,700
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,000
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Leased space with good frontage
Two weeks as well as franchise support
The venture was established in 2017, making the business 5 years old.
The transaction shall not include inventory valued at $123,700*, which ins't included in the requested price.
The company has 11 employees and resides in a building with disclosed square footage of 8,000 sq ft.
The building is leased by the business for $5,083 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is very essential that you not rely entirely on a vendor's word, however instead, utilize the seller's answer together with your general due diligence. This will paint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new clients? Many times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific factors such as new competitors growing up around the area, road construction, and personnel turnover can impact repeat customers and also negatively impact future revenues. One essential point to consider is the area 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 often, the better the possibility to construct a returning consumer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local mean household income impact future income potential?