Listing ID: 74784
This is a remodeled deli with many office buildings all around it.Menu consists of soups and sandwiches with coffee.
- Asking Price: $250,000
- Cash Flow: $100,000
- Gross Revenue: $412,633
- EBITDA: $100,000
- FF&E: $75,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
seating inside for 20 and outside 16
Moving to Texas
No other delis for 6 office buildings and two large hotels
The venture was founded in 2009, making the business 13 years old.
The sale will include inventory valued at $5,000, which is included in the asking price.
The company has 3 pt employees and resides in a building with approx. square footage of 2,000 sq ft.
The property is leased by the company for $1,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. Nonetheless, the true reason vs the one they tell you may be 2 totally different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other reasons. This is why it is really vital that you not count totally on a vendor's word, however instead, use the seller's solution along with your overall due diligence. This will repaint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Often times, companies have repeat consumers, which form the core of their day-to-day earnings. Particular factors such as brand-new competitors sprouting up around the location, road building and construction, and personnel turn over can impact repeat customers and adversely affect future earnings. One essential thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood mean family earnings influence future income potential?