Listing ID: 73260
This 50-year old purveyor of fine beer(338 varieties), wine and spirits is 2nd generation family-owned and operated. Ideal location and low operating costs along with a recognized reputation for keg beer sales have allowed the business to prosper and maintain close to 30% net margins over the last 10yrs.
The company is in a very strong position to continue to grow due to the economic growth of the neighborhood and region. There are also strong opportunities to develop new business with a SEO/SEM integrated website and social media marketing programs. This fun and exciting turnkey business provides a 2-year payback or ROI. The owner will provide extensive training and support during a 30-day transition. The business is priced to sell at $230,000… much less than industry multiple of 3X net AND includes $100K in current inventory!!! 10% down SBA financing avail today!!! Please call Jay Shrewder today for more information 918-230-9813 before this exciting opportunity gets away!
- Asking Price: $230,000
- Cash Flow: N/A
- Gross Revenue: $450,000
- EBITDA: $100,000
- FF&E: $50,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 1970
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Midtown strip mall on Mother Road(Rt66) with state of art POS system included in 2000 sq ft of retail space
30 day training/support through transition
none in immediate area and new licenses limited by state
University close by and State Fairgrounds provide for ample growth ops. SEO/SEM and social media marketing website another growth op.
The venture was established in 1970, making the business 52 years old.
The sale shall include inventory valued at $100,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the real reason vs the one they say to you might be 2 completely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of various other factors. This is why it is extremely crucial that you not rely completely on a seller's word, however instead, utilize the seller's response combined with your general due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover items like supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new customers? Often times, businesses have repeat consumers, which develop the core of their day-to-day profits. Particular elements such as new competitors sprouting up around the area, road building, and also personnel turnover can affect repeat customers as well as negatively impact future incomes. One crucial point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional median home earnings effect future earnings prospects?