Listing ID: 73821
1,300 sq ft on large 0.89 acre lot
Highly Visible Interchange Location
Approved Bank Financials
50 k outside
On major Interchange and in an area of Dense Population and Desirable NorthWest area of Columbus Ohio
Sales can Increase Dramatically with In store Operator,
Store is currently run 100% by employees
- Asking Price: $1,500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
1,300 sq ft on large 0.90-acre lot, Interchange Location High Visibility
Seller will train
Operates other types of businesses, can't find time to manage the business
Sales can Increase Drastically with daily owner operation
The business was founded in 1996, making the business 26 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nonetheless, the true factor and the one they tell you may be 2 totally different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is extremely crucial that you not depend totally on a seller's word, yet rather, make use of the vendor's solution along with your total due diligence. This will paint a much more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things like inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that earnings margins are too tight. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or may result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new customers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Specific aspects such as new competitors sprouting up around the area, road building, and staff turn over can affect repeat customers and negatively affect future incomes. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business regularly, the better the possibility to construct a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average home income impact future income potential?