Listing ID: 82988
This juice bar is the only health food establishment operating in Hammond with quality cold pressed juices, wraps, smoothies, poke bowls, salads and more. It’s a quick serve style restaurant with booths and a walk up counter.
It features locally sourced products and produce as well as vitamins, pre-workout and protein powder. This location is close to several gyms, the Hammond Square mall and just off the main artery to Southeastern’s campus.
There is a convenient drive thru window that assures the ability to safely serve the diverse customer base. Established in 2018, and there is an apartment building and ice skating rink in development adjacent to the business.
- Asking Price: $60,000
- Cash Flow: N/A
- Gross Revenue: $120,000
- EBITDA: $30,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
The real estate is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nonetheless, the genuine reason and the one they say to you might be 2 entirely different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really important that you not count completely on a seller's word, but instead, utilize the seller's response in conjunction with your general due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that profit margins are too thin. Numerous companies fall 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 obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in new consumers? Most times, companies have repeat consumers, which develop the core of their daily profits. Particular elements such as new competitors sprouting up around the area, roadway building and construction, and also staff turn over can influence repeat clients and adversely affect future revenues. One vital point 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 people that see the business regularly, the greater the opportunity to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood typical household income influence future revenue potential?