Listing ID: 83016
Business Overview
Sunbelt Business Brokers of Lafayette is pleased to present this unique grocery store opportunity for sale. The business has been providing excellent grocery delivery service to established commercial clients in South Louisiana for decades.
Business provides full-service delivery of food and grocery items to contract clients on a weekly basis. Fast, easy order process enables clients to order everything needed to keep a hungry crew happy for a week, from fresh cut meat, bread, milk and eggs to seasonings, salad dressings and soup.
Business includes $100,000 of inventory, two box delivery trucks and all FF&E needed to run the business. Sale also includes property and 5000sf building with state of the art cold storage system.
Business is ready to grow and is currently experiencing a spike in revenue as oilfield activity continues to increase! The business has long term, reliable staff with a strong key employee in place. Seller has offered to train new Owner in order to ensure a smooth transition and continued success. Seller is ready to retire! Please call Tana Moss directly at 337-234-7008 for more information.
* Disclosure Statement: Should this transaction include the sale and/or lease of real estate, it should be noted that Business Broker Tana Moss is a licensed real estate agent in the State of Louisiana. Her Broker Affiliation is with Sunbelt Realty, 3909A Ambassador Caffery Parkway, Lafayette, LA 70503. Office 337-234-7008 License # BROK.0995701473-CORP.
Financial
- Asking Price: $859,000
- Cash Flow: $100,000
- Gross Revenue: $1,400,000
- EBITDA: N/A
- FF&E: $140,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: 1998
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Retirement
Additional Info
The company was established in 1998, making the business 24 years old.
The sale doesn't include inventory valued at $100,000*, which ins't included in the listing price.
The business has 12 employees and is situated in a building with estimated square footage of 5,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. However, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is very vital that you not count absolutely on a seller's word, but instead, make use of the vendor's answer together with your general due diligence. This will repaint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that revenue margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new customers? Many times, businesses have repeat clients, which develop the core of their day-to-day earnings. Certain aspects such as new competitors growing up around the location, road building and construction, as well as personnel turnover can impact repeat consumers and also negatively influence future earnings. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the chance to build a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local average house income impact future income prospects?
