Listing ID: 80864
Business Overview
Old Country Sausage: This business has been in operation for the last 3 years with sales growing each year. The owners previously operated a business in Portland for 15 years prior to moving here. Owners want to sell because they have worked hard all their lives and it is time for them to retire! Voted “Best Deli” in Nampa for the last 2 years in a row!
-Business ended with great results in 2021! Huge sales increase of 24.18% and a bigger Cash Flow increase of +33.09%!
-Fresh products made onsite: sausage, bologna, wieners, salami, bacon, lamb, cakes, and hand-made fresh bread. Business can also process wild game!
-Come in and purchase items to go, call your order in, or have lunch onsite from their great menu board items.
-Business is well-known in the area for great quality products, as well as fast friendly service from the employees and owners.
-The Owners will also pass on 28 German recipes along with a great secret recipe that has been in the business for 100 years.
-New Owners could increase sales & profits by adding a website with ordering capabilities, promoting the business on all social media accounts, and applying for a beer & wine license to give their customers more drink options.
Do not go in and ask the employees or Owners any questions! Business is to be shown only by appointment scheduled through the Agent!
Prospective Buyers must sign a Confidentiality Agreement as well as provide “Proof of Funding”!
This would be a great opportunity for a Husband & Wife “Team” with meat cutter skills and a cooking/kitchen background!
Financial
- Asking Price: $989,500
- Cash Flow: $180,085
- Gross Revenue: $422,980
- EBITDA: N/A
- FF&E: $239,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 2018
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,247
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
-The building is 3,247 sq. ft. on .09 acres of land located on a high-traffic street downtown. -Owner hired an architect and completely removed the building including a new roof, plumbing, electrical, siding, windows, stucco, flooring, and doors. -Most of the equipment was purchased new and is in great shape & still looks brand new. The facility is very clean and in “Grand-Opening” condition.
4 Weeks at no cost. If Buyer needs more it is negotiable.
Owners wish to retire.
Very little and no other business like it in the area.
Well known for their quality products, and service from their employees and themselves. Great opportunity for a new Buyer to add a website with ordering capabilities and to market on all social media accounts, as Owners do not advertise.
Additional Info
The company was started in 2018, making the business 4 years old.
The transaction will include inventory valued at $100,000, which is included in the asking price.
The company has 4 employees and is located in a building with approx. square footage of 3,247 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 completely different things. As an example, they might state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is extremely important that you not depend completely on a seller's word, however instead, use the seller's response along with your total due diligence. This will repaint a much more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Many times, operating businesses have repeat consumers, which form the core of their daily profits. Certain aspects such as new competitors sprouting up around the area, road building, and also employee turnover can influence repeat clients as well as adversely impact future incomes. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to construct a returning consumer base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the regional mean home income effect future income potential?
