Listing ID: 80474
NO NEARBY COMPETITION
RENT IS ONLY $1650
1200 SQ FT
Monthly Inside Sales are $12,000
Additional Income from Selling Hot Food and Alcohol
Great Opportunity For Owner Operators
Growing Customer Base in a Popular Commercial Area
Multiple Positive Reviews on Google from Satisfied Customers
Please Email for Location Info
- Asking Price: $79,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the true reason and the one they tell you might be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in profits, or an array of other reasons. This is why it is really essential that you not count completely on a seller's word, but instead, use the seller's answer along with your general due diligence. This will paint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that earnings margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new customers? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as brand-new competitors growing up around the area, roadway construction, as well as personnel turn over can influence repeat clients as well as negatively affect future incomes. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the higher the chance to build a returning customer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Just how might the regional typical household earnings effect future income prospects?