Listing ID: 76542
The turn-key business for sale is an independently owned dog bakery and boutique. The business has grown in sales and revenue EVERY YEAR since opening 12 years ago. More than 67% of American households own at least one pet. This business is recognized throughout the city as the go to place for baked goods, product knowledge, animal health knowledge and overall industry awareness. They have created a niche with their baked goods and their philosophy to only sell consumables made in the US or Canada. Their specialty product drives new and repeat customers to them on a daily basis. Customers seek them out and refer friends and family to the business! A terrific business to be a part of… just looking for a passionate buyer to continue and grow this beloved company.
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- Asking Price: $455,000
- Cash Flow: $145,994
- Gross Revenue: $526,637
- EBITDA: N/A
- FF&E: $32,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
1,150 SF - Free-standing
Yes, 2 weeks.
The business was started in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 totally different things. For instance, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is very vital that you not depend entirely on a vendor's word, but rather, make use of the vendor's response together with your overall due diligence. This will paint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Remember that in some cases this can imply that profit margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new clients? Many times, companies have repeat customers, which form the core of their daily earnings. Particular variables such as new competitors sprouting up around the area, road building, and personnel turnover can impact repeat customers and adversely affect 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 people that see the business on a regular basis, the better the possibility to develop a returning client base. A last idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average household earnings impact future revenue potential?