Listing ID: 77623
OWNER WILL GIVE FULL TRAING.
MONTHLY GROSS: $28,000
MONTHLY RENT: $2,796
LEASE TERMS: 3+5
STORE SIZE: 1,200 SF.
OPEN HOURS: 12PM-10:30PM (Open 6 days / Closed on Tuesday)
EMPLOYEES: 2 FT, 4 PT
REASON FOR SELLING: MOVING OUT OF STATE.
FINANCING: 50% DOWN AND 50% BANK LOAN.
NOTE: LOCATED IN A BIG SHOPPING CENTER WITH
PLENTY OF PARKING. NOT MUCH COMPETITION.
REASONABLE RENT. NICE NEIGHBORHOOD.
OWNER CAN TRAIN NEW BUYER.
POTENTIAL TO INCREASE BUSINESS WITH 7 DAY OPERATION.
30% OF THE BUSINESS COMES FROM BOBA.
- Asking Price: $180,000
- Cash Flow: $72,000
- Gross Revenue: $336,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $10,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
1,200 sf. Located inside a big shopping center with plenty of parking.
Seller will give full training.
Moving out of state
Great for owner-operator. Current owner works part time.
The deal doesn't include inventory valued at $10,000*, which ins't included in the suggested price.
The business has 6 employees and is located in a building with approx. square footage of 1,200 sq ft.
The property is leased by the company for $2,796 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nevertheless, the genuine factor and the one they tell you might be 2 completely different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of various other reasons. This is why it is really essential that you not depend completely on a vendor's word, however rather, utilize the vendor's answer in conjunction with your overall due diligence. This will repaint a much more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that profit margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new consumers? Often times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Certain aspects such as brand-new competition sprouting up around the area, road building, as well as employee turn over can influence repeat consumers and adversely influence future incomes. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the chance to build a returning customer base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the local mean family income influence future earnings prospects?