Listing ID: 73318
Offering many local products not available elsewhere, this operation with an established history has a good foundation for future growth. In addition to the experienced employees who care about the customers, the business has a food safety program in place that is attractive to current and potential customers. These two factors have contributed to the positive reputation of the company in the marketplace.
Servicing all of Central OH, Dayton, Cincinnati, and parts of Kentucky, the company’s customers include pizza places, nursing care facilities, independent and chain restaurants, grocers, school cafeterias, farm markets, and a variety of fund raising programs.
With the continued expansion in Central Ohio there are great opportunities for growth. This is truly a turn-key operation
- Asking Price: $425,000
- Cash Flow: $278,700
- Gross Revenue: $2,268,419
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The seller is willing to train the new owner.
Seller is ready for retirement.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. However, the genuine reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of other reasons. This is why it is very important that you not depend entirely on a vendor's word, however rather, utilize the vendor's answer along with your total due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that profit margins are too small. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new customers? Many times, operating businesses have repeat consumers, which create the core of their everyday profits. Particular factors such as new competition growing up around the location, roadway construction, and also staff turnover can influence repeat consumers as well as negatively affect future earnings. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the local average household income impact future revenue potential?