Listing ID: 82119
This profitable restaurant and bar equipment business has one of the strongest reputations in the Omaha are as a provider of goods and services needed on an ongoing basis. You not only get an opportunity to build your own strong relationship with the major distributors, you will get rock solid training and superior support as owner of this business. The current owner is retiring and needs to find the right individual to take over this business. Current owner has 10 plus years of experience and a number of satisfied customers many of which are repeat customers. This is a turn-key operation with the sellers willing to provide training and support.
- Asking Price: N/A
- Cash Flow: $239,000
- Gross Revenue: $1,123,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $120,000
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Business has one main facility located in the Omaha area
Seller will provide extensive training to the new owner.
Owners are getting ready for retirement
The company was started in 2006, making the business 16 years old.
The transaction doesn't include inventory valued at $120,000*, which ins't included in the listing price.
The company has 3 employees and is situated in a building with disclosed square footage of 3,600 sq ft.
The building is leased by the company for $2,858 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the true reason vs the one they say to you might be 2 completely different things. For instance, they might say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really essential that you not rely completely on a seller's word, however instead, utilize the seller's answer together with your total due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too small. Lots of businesses fall under 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 might have existing agreements with suppliers that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new clients? Most times, companies have repeat clients, which develop the core of their everyday earnings. Particular variables such as new competitors sprouting up around the location, road building and construction, as well as staff turn over can affect repeat clients and also negatively affect future earnings. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the chance to build a returning client base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local mean home earnings impact future revenue potential?