Listing ID: 74116
This Market has been in business for over 70 YEARS!! Five Star Rating in Reviews!
This business offers a great building that offers 4,000 square feet of retail space and an additional 1,300 square feet for an apartment space that is leased!
Real Estate included in the purchase price, approximately well as located on a main road with high traffic volume.
2020 Gross Sales – $1,671664 with a cash flow of $112,381!
Seller Financing a consideration as well!
- Asking Price: $759,000
- Cash Flow: N/A
- Gross Revenue: $1,671,664
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: 1948
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,600
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
This business offers a free-standing building that is approximately 4,000 square feet of retail space and in addition to a 1,300 square feet apartment space!
Seller will provide training for 14 days at a minimum of 4 hours per day at no additional cost to Buyer
Continue to provide great customer service for the community. Not many meat market like this one in the area.
Continue to expand with a marketing plans to include an active website as well as promotions on social media
The business was established in 1948, making the business 74 years old.
The deal doesn't include inventory valued at $40,000*, which ins't included in the suggested price.
The company has 8FT/4PT employees and is located in a building with disclosed square footage of 5,600 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the true reason vs the one they say to you may be 2 totally different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is very essential that you not depend absolutely on a vendor's word, however rather, use the seller's answer together with your total due diligence. This will repaint an extra sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that profit margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Many times, businesses have repeat consumers, which create the core of their daily earnings. Certain elements such as brand-new competitors growing up around the area, road construction, and also personnel turnover can influence repeat consumers as well as negatively affect future revenues. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional median home earnings effect future earnings potential?