Listing ID: 76154
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• Newly Build-up Store
• High Margins
• King Soopers Anchored
• Perfect for Hands-on operator
• Cash Only Sale
• No Financing, New Store
- Asking Price: $285,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $200,000
- Inventory Included: N/A
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
2 weeks at no cost to Buyer
The business was founded in 2020, making the business 2 years old.
The sale won't include inventory valued at $200,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. However, the genuine reason vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a range of various other factors. This is why it is very important that you not count totally on a seller's word, however rather, utilize the seller's solution together with your overall due diligence. This will repaint a much more practical image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Many times, operating businesses have repeat clients, which create the core of their everyday revenues. Particular factors such as brand-new competition sprouting up around the area, road construction, and personnel turn over can impact repeat customers and negatively impact future earnings. One important thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the neighborhood average family income effect future income prospects?