Business Overview

This business has been in same location for 30 years. It specializes in fresh produce and Deli. The deli portion is all sandwiches and buy the pound deli meat and salads. The produce side is all fresh produce and fruit. There are four employees, and the hours of operation are 7AM-3PM Mon-Sat, closed Sun. New lease will be written for buyer.

Financial

  • Asking Price: $125,000
  • Cash Flow: $80,000
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1990

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,300
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

In good shape

Is Support & Training Included:

Will stay two mths.

Purpose For Selling:

Retirement

Additional Info

The company was started in 1990, making the business 32 years old.

The business has 4 employees and is located in a building with approx. square footage of 2,300 sq ft.
The building is leased by the company for $1,566 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 absolutely different things. As an example, they may claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is extremely vital that you not rely completely on a vendor's word, yet instead, utilize the vendor's answer in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that revenue margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or might lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new customers? Often times, businesses have repeat clients, which develop the core of their daily profits. Specific factors such as new competitors growing up around the area, road building, and also employee turnover can influence repeat customers and also adversely influence future incomes. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median household earnings effect future income prospects?