Listing ID: 73322
This Owner-operated attractive franchise re-sale has been servicing Central Ohio for nearly 25 years. The nationally recognized and respected franchisor has been in business since the mid-twentieth century and offers both self-branded products and many other well-known brands.
Located in a very popular and affluent shopping community north of Columbus, this is an ideal market for the products offered. The owner uses a clever mix of social media, mailings, and a texting program to enhance the franchisor’s marketing
With ongoing emphasis for nutrition and focus on health and wellness, providers of nutrition, supplements, and healthy product alternatives this business opportunity offering is attractive.
With the support and notoriety of a nationally recognized and established brand, this business is well positioned for a new owner to take over. The ideal demographic of this store’s location presents an attractive situation for the next owner.
- Asking Price: $180,000
- Cash Flow: $45,000
- Gross Revenue: $240,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Owners are ready for a life-style change.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 absolutely different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or an array of other reasons. This is why it is very vital that you not count completely on a vendor's word, however instead, utilize the vendor's solution together with your general due diligence. This will paint a more reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover things like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too thin. Lots of organisations 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 take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new clients? Many times, businesses have repeat clients, which form the core of their day-to-day earnings. Certain variables such as brand-new competition sprouting up around the location, roadway construction, and employee turnover can impact repeat consumers and also adversely affect future earnings. One important thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the higher the chance to develop a returning customer base. A final thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional median family earnings impact future income potential?