Listing ID: 79316
Established for over two decades, this fresh meat market and butcher shop has consistently grown
year after year. With 9 employees, including 2 managers in place this business can be run absentee, or
first hand. The current owners duties are advertising, negotiations of suppliers and products, payroll
and scheduling. Voted #1 in the multiple zip codes for 2019, 2020 and 2021, its name stands
synonymous with excellence of meats. Since Covid business has only grown, and customers are now
visiting from Tampa, St. Pete and even further afield. With over 130,000 residents and growing, repeat
customers are constantly asking for a deli, restaurant, delivery and other products.
THERE IS A 5 YEAR EXTENSION ON THE LEASE
- Asking Price: $950,000
- Cash Flow: N/A
- Gross Revenue: $926,328
- EBITDA: $294,210
- FF&E: $175,000
- Inventory: $40,000
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 WEEKS TRAINING AT NO COST TO BUYER
MOVING OUT OF AREA
The company was established in 2001, making the business 21 years old.
The transaction doesn't include inventory valued at $40,000*, which ins't included in the asking price.
The business has 3FT 9 PT employees and resides in a building with disclosed square footage of N/A sq ft.
The property is leased by the business for $3,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. Nevertheless, the true reason vs the one they say to you might be 2 absolutely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is extremely crucial that you not depend totally on a seller's word, but rather, use the vendor's answer in conjunction with your total due diligence. This will paint a much more reasonable picture of the business's existing circumstance.
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 businesses borrow money so as to cover things like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that earnings margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new clients? Many times, companies have repeat customers, which develop the core of their daily earnings. Specific factors such as brand-new competition sprouting up around the location, roadway building, and also personnel turnover can affect repeat clients as well as adversely impact future profits. One important point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average family earnings effect future revenue potential?