Listing ID: 81073
Description: Sellers have a $400,000 EIDL loan. Buyer can assume this low interest, 30 year loan and only pay $100,000 out of pocket to purchase this profitable business. Home-based Semi-absentee and profitable food delivery service. The company is growing very fast, with over 44 drivers all using a Geotargeted app for fast pick up to the nearest available driver. The value proposition for this company and why so many restaurants use them rather than traditional well-known food delivery services is most can only deliver within 5 miles radius. This company expands the restaurant’s market reach to 15 miles and can do it cheaper, quicker and more efficient than the nationally known food delivery services, creating increased sales for the customer and healthy profit margins for the business. This company has grown strictly from referrals and word of mouth. An ideal buyer is someone with the time and energy to market and grow the business. Sellers feel a buyer who can put in 20 hours a week marketing can triple the revenue while maintaining margins and net over $500,000 per year.For more information including a detailed confidential opportunity summary with financial information, request more information on this page and an NDA will immediately be sent to you to sign.
For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at email@example.com.
- Asking Price: $500,000
- Cash Flow: $198,906
- Gross Revenue: $478,349
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Homebased (Home Based)
Seller will assist buyer for transition.
This Business Is Home Based
The venture was started in 2015, making the business 7 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the true reason vs the one they say to you may be 2 entirely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competitors, current reduction in profits, or a range of other reasons. This is why it is extremely important that you not depend absolutely on a seller's word, however rather, make use of the vendor's solution combined with your general due diligence. This will repaint a much more sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with 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 might have existing contracts with vendors that should be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Many times, businesses have repeat consumers, which develop the core of their everyday revenues. Specific variables such as new competition sprouting up around the area, roadway construction, as well as personnel turnover can affect repeat customers and adversely impact future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional typical house earnings effect future earnings potential?