Business Overview

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• Great location, good VPD counts.
• Non-Grocery Anchored.
• Easy to run operation, great starter store!
• High gross margins.
• Ample parking and access.
• Established clientele.
• SBA Financing Available.

Financial

  • Asking Price: $435,000
  • Cash Flow: $172,250
  • Gross Revenue: $1,412,663
  • EBITDA: $172,250
  • FF&E: N/A
  • Inventory: $210,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks at no cost to Buyer

Additional Info

The deal doesn't include inventory valued at $210,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. However, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might state "I have too many other responsibilities" 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 transforming demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is extremely essential that you not count completely on a vendor's word, but rather, use the vendor's response combined with your total due diligence. This will paint a more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that revenue margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with 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 satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new clients? Most times, companies have repeat clients, which form the core of their day-to-day revenues. Particular aspects such as brand-new competitors growing up around the location, road building, as well as employee turn over can impact repeat clients as well as negatively affect future incomes. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to develop a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the regional average home income effect future income prospects?