Listing ID: 78516
PRICE Changed: (Due to an excellent record breaking 2021 the price has been updated: Profitable Gourmet Organic Food Related Retail Store: Profitable business in a quaint small downtown location. Great lifestyle business for a motivated Buyer.
Herbs and food flavorings (nothing artificial). E – commerce platform and brick and mortar location. Additional space available for private tasting events. All items have a long shelf life, no refrigeration needed. Products can be sold at fairs and festivals, special events.
Many growth and expansion opportunities to expand. The current owner and founder is willing to help a new owner and work part-time / work special events to drive business back to the new owner.
Possible to run the online aspects of the business from home rather than from the store front. Great opportunity for a family side business or retirement project.
This business could be converted to a fully home based online / events focused enterprise. This business could be operated on a passive basis by hiring a manager and one employee.
- Asking Price: $249,000
- Cash Flow: $100,000
- Gross Revenue: $290,000
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
4 - 8 Weeks
Unique business in a unique town. Many loyal and repeat customers. Lots of opportunity to sell off-site at farmers market and festivals. Very strong online sales platform.
The business was established in 2012, making the business 10 years old.
The deal does include inventory valued at $20,000, which is included in the requested price.
The business has 1 employees and is located in a building with approx. square footage of 1,000 sq ft.
The property is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nevertheless, the true factor and the one they say to you may be 2 entirely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of various other reasons. This is why it is really vital that you not rely totally on a vendor's word, yet rather, utilize the vendor's response together with your overall due diligence. This will repaint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply 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. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new clients? Often times, businesses have repeat customers, which develop the core of their everyday profits. Specific factors such as brand-new competitors growing up around the location, roadway construction, and employee turn over can affect repeat consumers and negatively influence future revenues. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the better the opportunity to develop a returning customer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average house earnings impact future revenue prospects?