Listing ID: 77148
Absentee run Cute Ice cream and desserts shop for sale in the heart of Downtown Hayward. They serve taiyaki, snowflake ice cream, and boba milkshakes on the menu. There is a cute photo wall with butterfly wings and it is very instagrammable. There is also a wall of square mirrors. Approximately 1070 sq ft Spacious with high ceilings. Lease amount is $3900.The store generates between $17,000 – $18,000 a month in sales. Some of the equipments included are 4 ice machine machine with 8 flavor, ice shaver machine, waffle machine, taiyaki waffle machine, topping counter, POS system, chest freezer, sealing machine, TV menu, ice machine, galaxy mixer, one door refrigerator and more
- Asking Price: $145,000
- 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
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,050
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
has other interest
The company has 7 employees and is located in a building with approx. square footage of 1,050 sq ft.
The property is leased by the company for $3,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. However, the real factor vs the one they say to you may be 2 totally different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is extremely vital that you not count absolutely on a vendor's word, however rather, utilize the vendor's answer in conjunction with your general due diligence. This will paint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points like supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that revenue margins are too small. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Specific factors such as brand-new competitors growing up around the location, roadway construction, and employee turn over can influence repeat consumers as well as negatively affect future earnings. One essential thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the higher the possibility to develop a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional median household income impact future revenue potential?