Listing ID: 74826
Choco-Churros is the one and only Churro & Ice Cream shop in the desert! At Churros they are dedicated to their customers and want every visit to their shop to be a special treat. They take pride in all of their creations and have everything you need for an special event or any occasion. They will be serving lunch soon offering salads, savory crepes, Vegan options and more! Great location for an sandwich shop! Across the street from Trader Joe’s & Target with ample parking. Name is not included in sale. Please call broker for more details on this turn-key opportunity and to arrange a showing.
This information while not guaranteed, has been obtained from sources deemed reliable. Buyer must verify the information and bear all risks for any inaccuracies. DRE #01366091 0000120321
- Asking Price: $69,000
- Cash Flow: N/A
- Gross Revenue: $108,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Will train for an agreed amount of time for a smooth transition.
Only Churro shop in the desert.
The business was founded in 2020, making the business 2 years old.
The business has 3 employees and resides in a building with approx. square footage of 1,000 sq ft.
The real estate is leased by the business for $2,654 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, but rather, make use of the seller's response in conjunction with your total due diligence. This will repaint an extra sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that revenue margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new consumers? Most times, companies have repeat clients, which create the core of their day-to-day profits. Particular factors such as new competitors growing up around the area, roadway building and construction, and employee turn over can influence repeat customers and adversely influence future earnings. One vital thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the possibility to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood mean home income influence future earnings prospects?