Listing ID: 81398
Absolutely charming authentic bakery serving breads, pastries, cakes, coffee & more in busy growth area just a short distance from Las Vegas! Excellent reputation for high quality products with loyal established customer base. Premises include grease trap (cost approx. $30,000) and hood, plus new fryer that can handle donuts & bagels (not currently served). All equipment is owned and included along with $3,000 Aldelo POS. Recipes also included with cross trained employees who can handle all aspects of the business. Wrapped 2002 Dodge delivery van also included! Gross Sales and Total Income are projected for full year 2021 based on actual first half of the year. EMAIL NOW before it is gone! For the fastest reply to you 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 email@example.com or go to EdSmithLasVegas.com for more buyer tips.
- Asking Price: $399,000
- Cash Flow: $198,928
- Gross Revenue: $371,000
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,700
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 2700 square feet with a Total Rent of $2450. Lease ends 09/2021. Seller is active in the business with 3 FT employees, and 1 PT employee. Hours of operation are 7AM-5PM M-Sat, 9AM-2PM Sun. $3,000 in Inventory and $250,000 in FF&E included in Asking Price. $130,000 made in Leasehold Improvements. Assets include Excellent reputation for high quality authentic bakery products and loyal customer base! Beer & Wine License Required.
Fourteen (14) days
Moving out of country with family
The business was founded in 2017, making the business 5 years old.
The deal does include inventory valued at $3,000, which is included in the asking price.
The business has 4 employees and resides in a building with approx. square footage of 2,700 sq ft.
The property is leased by the business for $2,450 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in earnings, or a range of other factors. This is why it is extremely crucial that you not rely totally on a vendor's word, but instead, utilize the seller's response along with your overall due diligence. This will repaint a more sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items like supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings 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 additionally be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new customers? Most times, companies have repeat consumers, which develop the core of their everyday profits. Certain factors such as new competition growing up around the location, road construction, and also personnel turnover can influence repeat consumers as well as adversely affect future earnings. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to build a returning consumer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood mean household earnings impact future revenue potential?