Listing ID: 81350
Established west side franchise mailbox business! Great Yelp reviews! Located in a busy major supermarket anchored shopping plaza at a bustling intersection. Business services include mailboxes, shipping, printing, copying, faxing, supplies, notary service, digital design services and keys. 314 of 324 mailboxes rented (front of store), plus 26 more rented mailboxes in back of store, and 42 rented virtual mailboxes for international/out of state customers. It’s a one-stop shop for both individuals and businesses. Seller is PT in daily business operations and has one FT manager & 1 PT employee. Franchise training is done in store locally. Gross Sales & Total Income are actual 2020 (business was open less due to covid) from tax return plus add backs assumes a more active owner. Potential for E2 Visa Buyer! Simple business operation with comfortable hours! EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply! 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: $99,500
- Cash Flow: $15,945
- Gross Revenue: $134,108
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1000 square feet with a Total Rent of $2427.04. Lease ends 07/31/2022 with a negotiable lease option. Seller is not active in the business with 1 FT employee, 1 PT employee and 1 Independent Contractor(s). Hours of operation are 9:30 AM to 5 PM, Mon-Fri and 10 AM to 1 PM Sat. $1,000 in Inventory and $40,000 in FF&E included in Asking Price. $40,000 made in Leasehold Improvements. Assets include Busy location in grocery anchored shopping center!
Fourteen (14) days
Other business interests
The venture was established in 1998, making the business 24 years old.
The deal will include inventory valued at $1,000, which is included in the asking price.
The company has 3 employees and is located in a building with disclosed square footage of 1,000 sq ft.
The property is leased by the company for $2,427 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 completely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or an array of other reasons. This is why it is really vital that you not depend entirely on a seller's word, but instead, utilize the seller's response along with your overall due diligence. This will paint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that should be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new customers? Many times, companies have repeat customers, which create the core of their day-to-day earnings. Particular variables such as new competitors growing up around the area, road building, and employee turnover can influence repeat clients and also adversely affect future profits. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning client base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the neighborhood mean family income influence future income potential?