Listing ID: 77214
Adorable self-serve yogurt shop in the heart of downtown in thriving Bay Area city looking for a new owner. This unique opportunity is not only highlighted by a fantastic location, with tons of regular foot traffic but a proven successful track record within the community spanning 12 years. Though consistently profitable year after year, their still remains boundless potential for additional growth through additional product offerings, utilization of unused space, and proliferation of marketing which is currently minimal. With established systems in place, and relatively uncomplicated operations this is the perfect opportunity for someone looking for a part-time owner/operator situation or potential absentee investment. Frozen yogurt is a timeless treat, and this business provides the perfect turnkey opportunity for the right buyer jump in and hit the ground running generating revenue from day 1 without the associated cost of starting from scratch. Contact us today for more information to make an offer and either begin on the path of becoming your own boss or add another successful business to your current portfolio.
- Asking Price: $150,000
- Cash Flow: $76,000
- Gross Revenue: $219,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the real reason and the one they say to you might be 2 totally different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of various other reasons. This is why it is very crucial that you not depend totally on a seller's word, yet instead, utilize the vendor's answer along with your overall due diligence. This will repaint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that revenue margins are too thin. Many organisations come 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that must be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new clients? Most times, operating businesses have repeat customers, which create the core of their daily revenues. Particular aspects such as brand-new competitors sprouting up around the location, roadway building, as well as personnel turnover can affect repeat consumers and negatively affect future revenues. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the regional median family income effect future revenue prospects?