Listing ID: 76200
This one won’t last!
New Listing! Won’t last.
Please DOWNLOAD Attached Brochure under attached documents, Complete and return page 2 (NDA) with proof of funds available. Requests for more information will not be returned without completed NDA.
• Prime Location, neighborhood appeal.
• Over 11,000sqft, Low rent psf!
• Ample parking and traffic counts, Well maintained popular center with excellent Multi-Anchors
• Established Loyal clientele base
• Over $3.7 Million in net sales
• Long term lease with low rent to sales ratio
- Asking Price: $1,175,000
- Cash Flow: $440,050
- Gross Revenue: $3,725,000
- EBITDA: $440,050
- FF&E: N/A
- Inventory: $750,000
- 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:6
- Furniture, Fixtures and Equipment:N/A
2 Weeks at no cost to Buyer.
The deal shall not include inventory valued at $750,000*, 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 real reason vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of other reasons. This is why it is very vital that you not rely completely on a vendor's word, however instead, use the vendor's solution together with your overall due diligence. This will paint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Most times, companies have repeat clients, which develop the core of their daily revenues. Particular factors such as brand-new competitors sprouting up around the location, road construction, and personnel turn over can influence repeat clients as well as negatively influence future profits. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood mean house earnings influence future income prospects?