Listing ID: 76173
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• Easy to Run Operation
• High Margins
• Grocery Anchored, Ample Parking
• Consistent Sales
• Established Business in high growth area
• Great location in Westminster!
• SBA Financing Available
- Asking Price: $295,000
- Cash Flow: $109,320
- Gross Revenue: $1,389,394
- EBITDA: $109,320
- 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 transaction won't include inventory valued at $150,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. However, the true reason vs the one they tell you might be 2 entirely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of various other factors. This is why it is extremely essential that you not depend absolutely on a seller's word, however rather, utilize the vendor's response along with your overall due diligence. This will repaint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations 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 suppliers that should be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new customers? Most times, companies have repeat customers, which create the core of their day-to-day earnings. Certain factors such as brand-new competitors sprouting up around the area, road building and construction, as well as employee turn over can influence repeat clients and adversely influence future revenues. One vital thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? How might the neighborhood mean family earnings effect future income potential?