Listing ID: 81386
Proven franchised sandwich shop for sale! Located in a busy SW Las Vegas corner. Huge potential for growth, ask agent. Sale is subject to Buyer being approved by Franchise. Full training by franchise. This is a simple and easy business to operate. Seller will review financials with qualified buyers. This listing is confidential! EMAIL NOW before it’s gone! For the fastest reply to your inquiry, please use this ad’s email reply! For more detailed information, please contact listing agent Nick Strobelt (NV RE# S.0195819 Business Broker Permit# BUSB.0007118) at 702-336-2255 or firstname.lastname@example.org
- Asking Price: $300,000
- Cash Flow: $43,329
- Gross Revenue: $595,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,300 square feet with a Total monthly rent of $6,356. Lease ends 11/2023 with One 48-month options. Seller is active with 8 PT employees. Hours of operation are 9am-8pm Monday-Friday, 9am-7pm on Saturdays and 10-7pm on Sundays.
Provided by franchise by their training program.
The business was established in 2006, making the business 16 years old.
The company has 8PT employees and is situated in a building with disclosed square footage of 1,300 sq ft.
The real estate is leased by the company for $6,356 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. However, the genuine factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is really crucial that you not depend entirely on a seller's word, yet instead, use the seller's response along with your overall due diligence. This will paint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too thin. Numerous organisations fall into 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 take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new customers? Most times, businesses have repeat consumers, which develop the core of their everyday profits. Certain aspects such as new competitors sprouting up around the location, road building and construction, as well as staff turn over can impact repeat consumers as well as adversely affect future profits. One vital point to consider 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 higher the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the regional median home earnings influence future earnings prospects?