Listing ID: 77367
This beloved butcher, deli and sandwich shop has been a source of quality meats and sandwiches in the Santa Clarita Valley since 1974. They provide exceptional quality cuts of prime choice beef, pork, and chicken. In addition to the standard fare expected in a meat market, they provide marinated chicken, kabobs, stuffed baked potatoes; everything needed for a ready-made dinner. Tri-tip, chicken, and ribs have been barbequed daily on the premises – bringing in many customers and providing very low-cost marketing for those driving by.
In addition to their popular tri-tip sandwiches, the store would generate 200 sandwiches a day, piled high with top-of-the-line Boar’s Head delimeat and other quality ingredients. This shop is known for its custom blended seasoning and barbecue sauces. They are so popular that customers order them from all over the United States and get them shipped to their home. While business has been steadily growing over the past few years, the holidays were especially busy with customers relying on the store for their Thanksgiving turkey, or their Christmas prime rib dinner.
Unfortunately, the recent owner passed unexpectedly and the business is now sitting idle waiting for someone with a love for people and the community to step into this very rare opportunity to own a local icon.
This business is priced to sell so please contact us today!
- Asking Price: $99,000
- Cash Flow: $47,989
- Gross Revenue: $1,048,587
- EBITDA: N/A
- FF&E: $41,305
- Inventory: $2,500
- Inventory Included: Yes
- Established: 1981
- 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
This business has a leased location of 2,000 square feet with a total monthly rental of $2,288. The seller is active in business with 2 FT and 2 PT employee. Hours of operation are 10am-5pm, 7 days. Included in asking price are $2,500 in inventory and $41,305 in equipment and fixtures.
Owner recently deceased
The business was established in 1981, making the business 41 years old.
The transaction will include inventory valued at $2,500, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. However, the true factor vs the one they tell you might be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a range of various other reasons. This is why it is extremely important that you not rely absolutely on a vendor's word, however instead, use the seller's solution in conjunction with your general due diligence. This will repaint a much more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that profit margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new customers? Most times, operating businesses have repeat customers, which develop the core of their day-to-day earnings. Particular elements such as brand-new competition growing up around the area, road building, and also personnel turnover can affect repeat customers as well as negatively affect future revenues. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the better the opportunity to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional typical household earnings effect future earnings potential?