Listing ID: 82327
Well known, delicious local sandwich shop in a great location! Owned for 20 years, this business features great home cooking, featuring gooey cinnamon rolls, sandwiches, soups, and fresh salads. It does a great amount of delivery and catering, as well as eat-in dining. Taking orders for 5 people to 500, sporting events, churches, camps, and corporations alike are drawn to the simple style and home-cooked appeal.
- Asking Price: $80,000
- Cash Flow: $31,728
- Gross Revenue: $204,046
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $7,000
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,600
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Great location in easy access strip mall.
As restaurants "re-awaken", this sandwich shop has heritage recipes that people in the area have been served, and crave!
The venture was founded in 2002, making the business 20 years old.
The transaction shall include inventory valued at $7,000, which is included in the listing price.
The business has 8 employees and is situated in a building with disclosed square footage of 1,600 sq ft.
The property is leased by the company for $1,665 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, yet instead, use the seller's answer combined with your total due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that profit margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Most times, businesses have repeat customers, which form the core of their everyday revenues. Particular elements such as new competitors sprouting up around the area, road construction, and also staff turn over can influence repeat consumers and adversely affect future incomes. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the higher the chance to construct a returning consumer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? How might the regional typical house earnings impact future earnings prospects?