Listing ID: 79455
Reason for Sale: Career Change – West Boca Raton Self-Serve Yogurt in a Publix Plaza. Established since 2018 with no competition within 5 miles. 18 different flavors served daily between FROYO & Italian Ice. Yoders Ice cream also served. Owner works full time with no employees. Busy Publix Plaza on a major North-South artery. Fully equipped with 6 Taylor machines. Priced at $75k for quick sale. Video tour available after a signed NDA. Seller does no advertising. Simple business to run. STRESS FREE! 2021 #’s thru November.
- Asking Price: $65,000
- Cash Flow: $10,709
- Gross Revenue: $59,920
- EBITDA: N/A
- FF&E: $45,000
- Inventory: $1,100
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Will train for 1 week @ $0 cost.
Reason for Sale:Career Change.
The venture was established in 2018, making the business 4 years old.
The transaction shall include inventory valued at $1,100, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they may state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of other factors. This is why it is really important that you not rely entirely on a vendor's word, but rather, use the seller's solution together with your general due diligence. This will repaint an extra reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need 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 area draw in brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day profits. Certain aspects such as brand-new competitors sprouting up around the location, roadway building and construction, as well as personnel turn over can affect repeat consumers as well as negatively impact future earnings. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the possibility to build a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the regional typical home income influence future income prospects?