Listing ID: 83010
Principle Business Advisors presents this gift shop for sale in Kenner, Louisiana. The shop has great store frontage along a four-lane thoroughfare. This gift store sells a variety of seasonal and locally made products. The owner will include a full 15+ year customer list as well as a full list of vendors with the sale. This is the perfect business for someone who has always wanted to own a clothing or gift store and would like to take an established and profitable business and make it their own!
A full 3D Matterport scan is available to disclosed buyers.
Come meet the owner and check out this cute local gift shop!
For more information on this listing, please contact the listing broker, Joel Duran CM&AA, CEPA, CMSBB, at (504) 321-0196.
- Asking Price: $65,000
- Cash Flow: N/A
- Gross Revenue: $150,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $60,000
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The owner will train a buyer for two weeks and then be available by telephone as needed.
The business was started in 2004, making the business 18 years old.
The sale shall include inventory valued at $60,000, which is included in the listing price.
The business has 1 employees and is situated in a building with disclosed square footage of N/A sq ft.
The real estate is leased by the business for $3,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. However, the real factor vs the one they say to you may be 2 completely different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is very crucial that you not depend completely on a seller's word, however instead, utilize the seller's response together with your total due diligence. This will repaint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that revenue margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in new customers? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Certain aspects such as brand-new competitors sprouting up around the area, road construction, and also staff turnover can affect repeat consumers and adversely impact future incomes. One important thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the possibility to build a returning consumer base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the local mean family earnings impact future earnings potential?