Business Overview

Calling all Foodies! If you have a passion for good food, wine & treats this fun & festive Business is for you! This well respected, well-established & profitable Business is a gourmet gift packaging company in Los Angeles. Staffed with long term, highly skilled artisanal gift makers, the Business offers a variety of carefully cultivated Gourmet Gift, Corporate Gift, Holiday, Special Occasions Gift packages. The Business also has a well-appointed store front, stocked with gourmet, specialty cheeses & meats, crackers, sweets, wine & beer, teas & coffee, gift items and accessories. This profitable business held strong during 2020 and is having its best year yet in 2021! This is an exciting opportunity a creative buyer who wants to work in a business that puts a smile on someone’s face every day!! Call now! Or email inquiries to: ddube@fcbb.com

Financial

  • Asking Price: $650,000
  • Cash Flow: $362,617
  • Gross Revenue: $1,884,376
  • EBITDA: N/A
  • FF&E: $15,000
  • Inventory: $50,000
  • Inventory Included: Yes
  • Established: 1987

Detailed Information

  • 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
About The Facility:

This business has a leased location of 3,600 square feet with a total monthly rent of $5,500. The business is with 4 Full-time employees, 1 Part-time employee and 1 Independent contractor. Hours of operation 10:30am-5:30pm, Mondays-Fridays and 11:00am-4:00pm Saturdays. Included in asking price are $50,000 Inventory and $15,000 Equipment and Fixtures.

Is Support & Training Included:

30 Days

Purpose For Selling:

Retirement

Additional Info

The company was founded in 1987, making the business 35 years old.
The deal will include inventory valued at $50,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they tell you might be 2 absolutely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is really crucial that you not depend totally on a seller's word, but instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint a more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that revenue margins are too thin. Many organisations fall into 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 tools or the structure where the business resides. The business may 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 businesses in the location bring in new consumers? Often times, companies have repeat customers, which form the core of their day-to-day profits. Specific elements such as new competitors sprouting up around the location, road construction, and personnel turn over can affect repeat customers and negatively influence future profits. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the greater the chance to construct a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the regional average home earnings impact future income potential?