Listing ID: 78853
So much deliciousness in this quaint bakery business!! This full service bakery and coffee shop is in a fantastic location and the go-to bakery in town. Excellent opportunity for a family run business. A small coffee shop and bakery specializing in scratch-made goodies and freshly-ground coffee. If you ever dreamed of owning your own bakery, don’t miss out on this opportunity!
- Asking Price: $225,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. Nonetheless, the genuine factor and the one they say to you might be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a variety of various other factors. This is why it is very essential that you not depend completely on a seller's word, yet instead, make use of the vendor's answer in conjunction with your total due diligence. This will paint an extra reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Most times, businesses have repeat consumers, which create the core of their day-to-day revenues. Certain variables such as new competition growing up around the location, road building and construction, and also personnel turnover can impact repeat clients as well as adversely affect future revenues. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the opportunity to build a returning customer base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the regional average household earnings impact future earnings prospects?