Business Overview

Great opportunity to acquire a highly profitable Specialty Food Market in the Portsmouth New Hampshire area along with the related Real Estate. The Business has been going strong for years with very limited owner involvement and experienced management in place.  It has a large and loyal customer base that seeks the store out for everyday purchases and specialty items. The store features a café and takeout menu with a large selection of speciality foods and convenience items.  There is a constant flow of drive by traffic with little nearby competition.

The real estate is not included in the business price and consists of several commercial units, all fully occupied providing additional income.

The location and other confidential information will be provided with a completed NDA.

Financial

  • Asking Price: $375,000
  • Cash Flow: $130,000
  • Gross Revenue: $980,000
  • EBITDA: $130,000
  • FF&E: $35,000
  • Inventory: $140,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The Business resides in approximately 2200 SF +/- of a multi-unit commercial building that is fully occupied and providing additional income to the Sellers.  It’s a highly visible location with strong traffic flow of residents and commuters.  There is ample onsite parking for employees and patrons. The Real Estate is priced at an additional $525,000.

Is Support & Training Included:

Seller is willing to assist in support and training.

Purpose For Selling:

Retirement, Divestiture

Pros and Cons:

There are few similar type stores in the area.

Opportunities and Growth:

The Business has strong repeat business.  Many opportunities for growth exist and are outlined in the confidential package.

Additional Info

The transaction shall not include inventory valued at $140,000*, which ins't included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell companies. Nonetheless, the true factor and the one they tell you may be 2 completely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or an array of other factors. This is why it is extremely vital that you not count entirely on a vendor's word, however instead, utilize the vendor's answer together with your general due diligence. This will paint a much more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that revenue margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise 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 agreements with suppliers that have to be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new clients? Most times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain elements such as new competitors sprouting up around the area, road building, as well as employee turnover can affect repeat consumers and negatively influence future profits. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? How might the neighborhood typical home income impact future income prospects?