Listing ID: 74861
Owner has to sell, has lowered the price almost 1/2 to sell. The owner is absentee, and is accepting all offers. This is a profitable business, and have the numbers to prove. What an Awesome opportunity for an owner/user to capitalize off of. This one will not be around long, owner sells sale!! This has a great anchor store Frys market, and has a great lease with over 4 years left.
- Asking Price: $65,000
- Cash Flow: N/A
- Gross Revenue: $214,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,350
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
6 tables with all bedding
10 days of training or if needed longer
need to sell, moving out and needs it sold
In the strip center there in, there is no one else. I recommend to google and search for your competition
Tremendous, tremendous tremendous opportunity with hundreds of new homes popping up all over the area of this business.
The business was established in 2017, making the business 5 years old.
The deal won't include inventory valued at $5,000*, which ins't included in the listing price.
The business has 6 employees and is situated in a building with estimated square footage of 1,350 sq ft.
The property is leased by the business for $3,490 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. However, the true factor and the one they tell you might be 2 absolutely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of other factors. This is why it is extremely essential that you not count entirely on a seller's word, but instead, utilize the seller's answer along with your general due diligence. This will paint a more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too thin. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new customers? Many times, companies have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competition sprouting up around the area, roadway building and construction, as well as staff turn over can impact repeat consumers and also adversely impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood median family income influence future earnings potential?