Business Overview

PRICE REDUCED! This business, with over $2-million in sales, would be an excellent match for an individual or partnership to apply their entrepreneurial skills and manage a very successful local community-based business. The present circumstances of adjusting to the effects of the Covid virus have been a very favorable situation for this business as the loyal customers have remained loyal and many new customers have changed their habits from shopping the big box stores to shopping locally as prices are competitive and the quality of their meat selections are superior. Despite the disruption as a result of the Covid virus, sales in 2020 were $2,065,884 and $2,101,150 in 2021; producing discretionary earnings to the owners of $350,000 per year.

The location is excellent, just 10 miles from interstate 89 on a main commuting route. The building is well-maintained with approximately 5,000 square feet of usable space with plenty of parking available.

The business and property including $200,000 worth of furniture, fixtures and equipment, training during the transition to a new owner, good will, non-compete agreement, supplier and vendor lists are available for $1,395,000 plus the value of the inventory and supplies at the time of transfer. The value of the inventory and supplies are approximately $70,000 and will depend on the business cycle at the time of the transfer of the business to a new owner. The offering price is allocated at $345,000 for the value of the real estate and $850,000 toward the value of the business and $200,000 toward the assets of the business.

Financial

  • Asking Price: $1,395,000
  • Cash Flow: $350,565
  • Gross Revenue: $2,101,150
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $70,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Free standing building with 5000 square feet of usable space.

Is Support & Training Included:

Support and training during the transition are available.

Purpose For Selling:

Retirement

Additional Info

The transaction shall not include inventory valued at $70,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 totally different things. As an example, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is very important that you not depend absolutely on a seller's word, yet instead, make use of the vendor's answer together with your general due diligence. This will paint an extra practical image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that earnings margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in brand-new customers? Most times, businesses have repeat clients, which form the core of their daily revenues. Certain elements such as brand-new competition sprouting up around the location, roadway building and construction, and also employee turn over can affect repeat clients and negatively impact future revenues. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the greater the chance to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean family earnings effect future earnings potential?