Listing ID: 80462
CLEAN AND WELL MAINTAINED
FIXED RENT IS ONLY $2,800
SAME OWNER SINCE 1983
Monthly Average Inside Sales are $15,750
Located Off of GA 400 in a Busy Shopping Plaza
Very Loyal Customers
New Owner Operator Can Increase Sales By Operating Sundays
Please call for more details.
Any Feedback is Appreciated.
- Asking Price: $149,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The business was founded in 1983, making the business 39 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is really vital that you not count entirely on a seller's word, but rather, make use of the seller's answer along with your general due diligence. This will paint an extra sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too small. Many companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in brand-new clients? Often times, companies have repeat clients, which form the core of their daily earnings. Certain elements such as new competitors sprouting up around the location, roadway building and construction, and staff turn over can influence repeat consumers as well as negatively impact future earnings. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the opportunity to build a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional median family income influence future earnings prospects?