Listing ID: 81445
Established 2015 with increased sales every year. 2020 sales 1.2M. fast food can be added to increase income. Located on a busy street with great traffic count. There is very accessible ample parking. The business has been well established & profitable for 6 years. Lease 2500 SF per month. Don’t let this opportunity pass you by. Sale includes business, goodwill, coolers, shelving & inventory. Please contact me by EMAIL or TEXT for further information.
- Asking Price: $450,000
- Cash Flow: $250,000
- Gross Revenue: $1,500,000
- EBITDA: N/A
- FF&E: $100,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was founded in 2015, making the business 7 years old.
The transaction won't include inventory valued at $200,000*, which ins't included in the asking price.
The business has 3 employees and is located in a building with estimated square footage of 2,500 sq ft.
The building is leased by the business for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is extremely crucial that you not count totally on a vendor's word, however instead, make use of the vendor's answer combined with your general due diligence. This will repaint a more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location bring in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their daily revenues. Certain factors such as new competitors sprouting up around the area, road building and construction, as well as staff turn over can affect repeat customers and also negatively influence future earnings. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to construct a returning client base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical home income influence future earnings potential?