Listing ID: 76166
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• Great Starter store.
• Great customer demographics.
• Ample parking and established clientele.
• Perfect for Hands-on operator.
• Located on high VPD thoroughfare.
• Non-Grocery anchored.
• SBA Financing Available.
- Asking Price: $415,000
- Cash Flow: $135,700
- Gross Revenue: $1,350,000
- EBITDA: $135,700
- FF&E: N/A
- Inventory: $150,000
- Inventory Included: N/A
- Established: N/A
- 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
2 weeks at no cost to Buyer.
The deal doesn't include inventory valued at $150,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in profits, or an array of other reasons. This is why it is very important that you not depend entirely on a vendor's word, however instead, utilize the seller's answer along with your total due diligence. This will paint a much more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too tight. Numerous 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 equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new customers? Many times, operating businesses have repeat clients, which form the core of their daily earnings. Particular factors such as new competitors sprouting up around the location, road building, as well as staff turn over can impact repeat clients and adversely impact future profits. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the regional typical house earnings impact future earnings potential?