Listing ID: 76714
Iconic business and real estate for sale in beautiful La Veta, CO, a popular stop of the Scenic Highway of Legends in booming Southern Colorado. The longest continually operating food and beverage business in town, Paradise Coffee is the spot for locals to meet, and for travelers to stop in while exploring the galleries, shops, museum, and trails all in easy walking distance. THE prime commercial location on Main Street: huge 8967sf corner lot with visibility, parking, outdoor seating and room for more! Turn-key opportunity including equipment and furnishings. Additional information available to qualified buyers upon request, please contact us for more details today!
- Asking Price: $495,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Huge 8,967 Sq. Ft corner lot with visibility, parking, outdoor seating and room for more! Turn-key opportunity including equipment and furnishings.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 entirely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in incomes, or an array of various other factors. This is why it is really important that you not count absolutely on a seller's word, yet rather, utilize the vendor's solution combined with your general due diligence. This will paint a much more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too small. Numerous organisations fall under 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 might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new customers? Many times, operating businesses have repeat clients, which create the core of their daily revenues. Particular factors such as new competition growing up around the location, roadway building and construction, and also personnel turnover can impact repeat customers and negatively influence future earnings. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning customer base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional median house income impact future revenue potential?