Listing ID: 78987
This business is young but is growing and very popular with the locals and tourist! They serve coffee, espresso drinks, teas, pastries, desserts, salads, package tea merchandise, coffee and tea related gifts sets, kitchenware, bagged coffee and tea.
This is an excellent opportunity to own a turnkey operation in a bustling Coastal Southern Maine Community.
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $66,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:975
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Lovely Village Location with lots of foot traffic.
Will provide both for a smooth transition
The business was started in 2020, making the business 2 years old.
The transaction will include inventory valued at $3,000, which is included in the listing price.
The business has 2 employees and resides in a building with estimated square footage of 975 sq ft.
The real estate is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. However, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is really important that you not count entirely on a seller's word, yet instead, use the vendor's answer combined with your total due diligence. This will paint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover points such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new clients? Often times, businesses have repeat customers, which form the core of their daily profits. Certain factors such as new competitors growing up around the area, roadway construction, and personnel turn over can affect repeat consumers and also negatively affect future earnings. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the local median house earnings impact future revenue prospects?