Listing ID: 80788
One of Boise’s oldest family Restaurant Equipment Sales and Service Companies, established in 1953 is for sale.
Today the company has become totally manufacture independent with more than 14 manfutures. Forcing on sales, services and parts for new and used equipment.
The pesent owner is looking partner to help recover from covid 19.
- Asking Price: $100,000
- Cash Flow: $60,000
- Gross Revenue: $220,000
- EBITDA: N/A
- FF&E: $75,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 1953
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:300
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Warehouse 300 sq ft
Seller will negtiate a transition period based on the buyer's experience
Balance of like and sim retirement
Posited to recover from covid 19.
The business was established in 1953, making the business 69 years old.
The deal doesn't include inventory valued at $15,000*, which ins't included in the listing price.
The company has 1FT 3PT employees and is situated in a building with estimated square footage of 300 sq ft.
The real estate is leased by the company for $300 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or an array of various other reasons. This is why it is very important that you not rely absolutely on a vendor's word, but instead, utilize the vendor's response combined with your overall due diligence. This will paint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that revenue margins are too thin. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new consumers? Many times, operating businesses have repeat consumers, which develop the core of their daily profits. Certain aspects such as brand-new competitors sprouting up around the location, road building, and employee turn over can affect repeat consumers and also negatively affect future earnings. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? How might the regional average household income impact future revenue potential?