Listing ID: 74742
Well-position location in the Northwest Valley is now available. Currently operating as a specialty bakery and café featuring Gluten Free, Vegan, KETO, Paleo baked goods along with breakfast & Lunch. This spot is just right for a ghost kitchen, commissary, catering kitchen, food delivery service or combine it with the existing business. All equipment is owned and a well-trained talented staff is in place. The facility features a store front for retail, good signage and plenty of parking along with a full hot kitchen with a hood system, walk-in cooler and plenty of kitchen equipment capable of delivering almost any menu. Just of the I17 freeway, this location has access to tons of business and residential clientele and best of all, an awesome RENT RATE that can’t be beat! $79,000 #3128
- Asking Price: $79,000
- Cash Flow: N/A
- Gross Revenue: $300,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Facilities Sq. Ft.: 1,820 Lot Sq. Ft.: Common Area Parking: Common Area Seating: 9 indoor/ 12 sidewalk Total Monthly Rent: $2,622.44 incl. NNN Lease Expiration Date: 12/31/2021 Lease Deposit: $1,234.80 Renewal Options: One 5 year
Other Business Interests
The company was started in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the true factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or a range of other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, yet rather, make use of the vendor's solution along with your general due diligence. This will paint an extra sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too thin. Numerous businesses 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 think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Many times, companies have repeat clients, which form the core of their daily earnings. Certain variables such as brand-new competition sprouting up around the area, roadway building, as well as staff turnover can influence repeat customers and also negatively affect future profits. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the regional mean house earnings impact future income prospects?