Listing ID: 76348
The family-owned shop has been operating for over 12 years and has built a great community involvement and reputation since. It’s located in a busy shopping center and has become a hangout spot for residents nearby. This business opportunity offers easy management and autonomy as it is not a franchise.
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- Asking Price: $125,000
- Cash Flow: $22,723
- Gross Revenue: $148,064
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,400
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
1,400 Square Feet in a Strip Center
Other Business Interests
The deal shall include inventory valued at $5,000, which is included in the listing price.
The company has 3 employees and is situated in a building with estimated square footage of 1,400 sq ft.
The real estate is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. However, the true factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is extremely vital that you not count completely on a seller's word, but rather, utilize the seller's response in conjunction with your overall due diligence. This will repaint a more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too tight. 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 also be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Many times, companies have repeat clients, which develop the core of their daily earnings. Certain aspects such as brand-new competition growing up around the location, road building, and staff turnover can affect repeat consumers and also negatively influence future revenues. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood typical family earnings impact future income prospects?