Listing ID: 76053
Inventory including in the asking price. Great opportunity for a new owner to increase sales. Financing available for this Well-known and established 40 years old franchised Supermarket. It has a Full, meat, dairy, produce, and grocery section.
Family-owned and a pillar in the community.
Solid and steady volume and profits for nearly 4 decades.
Grossed $25,000 per week. Current owner NOT advertising and sending out circulars costing the business $15-20,000 per week in gross sales.
Opportunity to add Deli, lottery, hot, delivery, and cold prepared foods.
- Asking Price: $310,000
- Cash Flow: $96,000
- Gross Revenue: $1,200,000
- EBITDA: N/A
- FF&E: $300,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: 1980
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,120
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
5000sq ft with basement and parking A 12-year lease. The building is 6,120 sq. ft.
Two weeks of training
The venture was established in 1980, making the business 42 years old.
The deal doesn't include inventory valued at $100,000*, which ins't included in the listing price.
The business has 4 employees and is located in a building with disclosed square footage of 6,120 sq ft.
The building is leased by the company for $7,600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nonetheless, the true reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a range of various other reasons. This is why it is very important that you not rely completely on a vendor's word, however rather, make use of the seller's response together with your total due diligence. This will repaint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new clients? Many times, operating businesses have repeat consumers, which develop the core of their everyday profits. Certain aspects such as brand-new competition growing up around the location, road building, and personnel turnover can affect repeat consumers and adversely influence future incomes. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning customer base. A final idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the local typical house income impact future earnings potential?