Business Overview

This Business is a ONE of a kind and you would be proud to take it over for another 10+ years as all the custard is made daily. The shop makes the specials daily on a published calendar for the month along with their regular staples menu. The business makes fresh burgers and Fries and sandwiches that are huge and wonderful as they open for lunch thru dinner as well. The building is owned by the seller and is willing to sell with the business for an additional $500,000 and this may be a perfect owner operator for a SBA loan.

Financial

  • Asking Price: $180,000
  • Cash Flow: $94,000
  • Gross Revenue: $494,000
  • EBITDA: $100,000
  • FF&E: $135,000
  • Inventory: $7,000
  • Inventory Included: N/A
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,380
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This place is 3380 square feet plus an outside area for few tables and chairs located in the center of the town. the business remodeled an old gas station and turned it into a really cool atmosphere with exposed brick and beams. Everything is is great shape and very well cared for. The store also makes fresh burgers and sandwiches. Their is parking on the side and back of the business with the local bike trail runs past the side of the location that brings allot of families. The hours of operation are Sundays 11:30-9PM, Closed Mondays, Tuesday thru Thursdays 11:30-9pm and Friday & Saturdays till 10PM.

Is Support & Training Included:

The seller will include up to 80 hours or 2 weeks that goes with the sale. all the custard is made daily and when runs out its gone.

Purpose For Selling:

To Retire

Pros and Cons:

Their is NO other custom made frozen custard ice cream like this anywhere that also serves great food. the business has made up all the recipes so nobody has the same custard as its all custom by the sellers.

Opportunities and Growth:

Advertising always helps as the sellers have relied on word of mouth and facebook to promote the shop. Coupons to new customers can always bring in new business as once they try it, they hooked!

Additional Info

The business was established in 2007, making the business 15 years old.
The sale won't include inventory valued at $7,000*, which ins't included in the suggested price.

The company has 2 FT & 10PT employees and resides in a building with disclosed square footage of 3,380 sq ft.
The property is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell companies. Nevertheless, the real factor vs the one they say to you might be 2 entirely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is really essential that you not count absolutely on a vendor's word, however instead, make use of the seller's answer combined with your general due diligence. This will paint an extra sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that revenue margins are too small. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be fulfilled or may result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in new consumers? Often times, operating businesses have repeat clients, which develop the core of their daily revenues. Specific factors such as new competitors sprouting up around the area, roadway building, and staff turnover can impact repeat customers as well as negatively impact future profits. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to build a returning consumer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the regional mean house income effect future earnings prospects?