Business Overview

This retail business is a well-established local favorite shop with a loyal following of cheese aficionados. They sell cheese collections, cheese platters, cheese gift baskets, curated monthly cheese clubs, and even hold cheese classes! This is their second location, and it has been a hit with this hip, upscale community. This area is full of boutique stores with high foot and auto traffic!

The space offers indoor as well as outside patio dining combined with a retail store with wine and beer to go, the perfect space to ensure a fun, classy get together amongst friends. The store boasts an amazing glass front walk-in refrigerator that holds 17 varietals of craft draught beer and racks stacked with cheese wheels. The wall is lined with eccentric wooden shelves displaying several impulse buy retail items such as charcuterie/cheese boards, cheese knives, accouterments, and much more. A POS system is also included in the sale for excellent record keeping, and the space also features a back room for preparation of food, plenty of storage and additional refrigeration.

The owner can no longer manage the business. She has a critical illness and has relocated out of state for the proper care, so the time has come to sell her beloved business. This is an opportunity for a buyer to step into this fantastic concept with a solid foundation and grow. They have a very minimal social media presence and a website that could do more to represent the cheese community! The owner has been extremely lax about the in-house events and classes, so advertise their return and reinvigorate that revenue stream. Leverage the multitude of food delivery services, as the seller does not utilize any. Most important: the seller is open extremely minimal hours, 5-days a week. Open earlier than 3pm and increase sales! Finally, expand your inventory and accept online orders: both offer more options to your customers!

If you’re looking for a turnkey opportunity with extremely low rent in a fantastic location then this hip retail cheese shop may be just what you’re looking for. Want more information? Call the Agent today! Note: both owner’s locations are available; check out the other store here.

Financial

  • Asking Price: $96,000
  • Cash Flow: $25,523
  • Gross Revenue: $162,932
  • EBITDA: $25,523
  • FF&E: $35,000
  • Inventory: $2,500
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

41 Beer and Wine License included in sale. Large Walk-In refrigerator. Location features both indoor and patio seating. Great Lease terms in a high traffic area! Room to grow a great niche business!

Is Support & Training Included:

Owner Will Train

Purpose For Selling:

Absentee Owner with Serious Health Issues

Additional Info

The business was established in 2008, making the business 14 years old.
The sale shall include inventory valued at $2,500, which is included in the requested price.

The business has 1 employees and is situated in a building with approx. square footage of 1,200 sq ft.
The building is leased by the business for $2,584 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell operating businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of various other reasons. This is why it is very essential that you not depend completely on a seller's word, however rather, utilize the vendor's answer along with your total due diligence. This will paint a much more realistic image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location draw in new clients? Many times, businesses have repeat consumers, which create the core of their daily profits. Particular aspects such as new competition growing up around the area, roadway construction, and also personnel turn over can impact repeat customers as well as adversely influence future revenues. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the neighborhood median family income effect future income prospects?