Listing ID: 80848

Business Overview

Wholesale/Retail Popcorn Company: This business has been in operation for over 35 years selling popcorn seeds, oils, and supplies to area businesses. As the business grew over the years, they moved into their current location which includes a retail store to service their customers better.

-Good retail location in a flex space that is 1,300 sq. ft, which includes a retail sales area up front and a warehouse/production area in the back. They also rent 1 storages space for misc. supplies, tins, and special purchases.
-They have walk-in customers and deliver to area retail customers which include grocery stores, convenience stores, schools, bars, restaurants and more.
-You can buy popped products or also buy their seeds & oils to take home and prepare.
-There is candied popcorn as well as flavors such as Blueberry, Grape, Cherry, Caramel, Toffee, Green Apple and Rainbow which is a mixture of all!
-Business supplies all BSU activities, catering, and housing.
-40 % of their yearly business comes during the Christmas Holidays when their customer’s buy Popcorn Tins for their employees, friends & families.
-This is a great family business with a lot of opportunities to grow sales by promoting their new WEBSITE that has automatic ordering abilities and by promoting on all Social Media sites.
-Owner has accepted another job! He is also committed to training a new buyer for a period of 2 weeks at no cost.

OWNER WOULD CONCIDER FINANCING TO A QUALIFIED BUYER WITH THE RIGHT TERMS AND CONDITIONS with A $45,000 DOWN PAYMENT, AND A PERSONAL GUARANTEE! $1,365.94 a month for 36 months!

PROSPECTIVE BUYERS MUST SIGN A CONFIDENTIALITY AGREEMENT, AS WELL AS PROVIDE PROOF OF FUNDING!

Financial

  • Asking Price: $89,900
  • Cash Flow: $61,260
  • Gross Revenue: $162,487
  • EBITDA: N/A
  • FF&E: $40,330
  • Inventory: $7,500
  • Inventory Included: Yes
  • Established: 1983

Detailed Information

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

-Good retail location in a flex space that is 1,300 sq. ft, which includes a retail sales area up front and a warehouse/production area in the back. They also rent 1 storages space for misc. supplies, tins, and special purchases.

Is Support & Training Included:

2 weeks at no cost.

Purpose For Selling:

Owner is taking another job.

Additional Info

The venture was founded in 1983, making the business 39 years old.
The transaction does include inventory valued at $7,500, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. Nevertheless, the true factor and the one they say to you may be 2 absolutely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is really vital that you not count absolutely on a vendor's word, however rather, utilize the seller's solution in conjunction with your total due diligence. This will repaint a more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that profit 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 obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location draw in new customers? Most times, businesses have repeat consumers, which create the core of their day-to-day revenues. Certain elements such as new competitors growing up around the area, roadway building, as well as staff turnover can impact repeat clients as well as adversely affect future revenues. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the neighborhood typical house income influence future earnings prospects?