Listing ID: 82979
Business Overview
Satisfy your craving for a SEMI-Absentee Business Opportunity! Sunbelt Business Brokers of Lafayette is pleased to present this hot spot sno-cone and hotdog stand in St Martinville, LA. The business serves up cool treats and hot eats. The business is situated in a customized shipping container structure with beautiful, modern kitchen buildout. The container is easily movable to your location or business may remain on-site with attractive lease terms. Seller can make referral for quick, inexpensive transport. All fixtures, equipment and hands-on training are included in asking price. Seller financing available for the right buyer with 30% down, balance financed for 36 months at 5%. Seller has other business interests and is highly motivated to sell quickly. Call Tana Pippin today!
Financial
- Asking Price: $100,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $180,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Other business interests
Additional Info
The venture was established in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is very important that you not count completely on a vendor's word, but instead, make use of the seller's solution combined with your general due diligence. This will paint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses borrow money so as to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new customers? Many times, businesses have repeat consumers, which develop the core of their daily earnings. Certain aspects such as brand-new competitors sprouting up around the location, roadway construction, and employee turn over can affect repeat clients and negatively affect future profits. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the greater the chance to build a returning client base. A final thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local mean home income effect future earnings prospects?
