Listing ID: 78746
Established for more than 16 years popular and profitable candy and nut shop.
Sales have remained steady throughout Covid and profitability actually increased. Located on a major route with easy access and close to other, non-competing retail. Business can be expanded through greater online sales and in-person events/catering.
- Asking Price: $159,900
- Cash Flow: $68,800
- Gross Revenue: $427,000
- EBITDA: N/A
- FF&E: $82,500
- Inventory: $132,000
- Inventory Included: N/A
- Established: 1976
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,070
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The venture was started in 1976, making the business 46 years old.
The sale won't include inventory valued at $132,000*, which ins't included in the listing price.
The company has 4 employees and is located in a building with approx. square footage of 3,070 sq ft.
The property is leased by the business for $4,861 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. However, the true factor and the one they say to you might be 2 absolutely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is very vital that you not depend totally on a seller's word, but rather, make use of the seller's response together with your general due diligence. This will paint a more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new customers? Many times, businesses have repeat consumers, which create the core of their daily earnings. Specific factors such as brand-new competition growing up around the area, road building, as well as personnel turnover can impact repeat clients as well as negatively affect future profits. One vital point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood mean family income influence future revenue prospects?