Listing ID: 81323
ABSENTEE OWNER! Franchise ice cream & smoothies in a major mall food court! Recently remodeled! This is where you want to be! Seller feels an active operator would really increase bottom line net income profits. Sales & Income strong in 2021 with Covid recovery! Sales & Income are actual 2021 from P&L assuming an active hands-on operator to replace FT manager’s salary. The season is NOW! EMAIL NOW
before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org
- Asking Price: $99,000
- Cash Flow: $37,336
- Gross Revenue: $327,504
- EBITDA: N/A
- FF&E: $175,000
- Inventory: $3,800
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:750
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 750 square feet with a Total Rent of $7316. Lease ends 03/2029 with a one 5 year lease options. Seller is not active in the business with 3 FT employees, and 4 PT employees. Hours of operation are 11:00 am - 7:00 pm Mon-Sat, 12:00 pm - 6:00 pm Sun. $3,800 in Inventory and $175,000 in FF&E included in Asking Price. $125,000 made in Leasehold Improvements. Assets include Excellent brand recognition and dual franchise with mall food court location!
One (1) Week
Other business interests
The venture was established in 1995, making the business 27 years old.
The transaction does include inventory valued at $3,800, which is included in the suggested price.
The company has 7 employees and resides in a building with approx. square footage of 750 sq ft.
The property is leased by the business for $7,316 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the true reason and the one they say to you might be 2 entirely different things. For instance, they might claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is really essential that you not count absolutely on a vendor's word, yet instead, use the seller's solution together with your general due diligence. This will paint a more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that revenue margins are too thin. Numerous companies 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 obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific aspects such as brand-new competition growing up around the area, road building and construction, and also employee turn over can impact repeat consumers as well as adversely affect future earnings. One important thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical house income influence future revenue prospects?