Listing ID: 83284
Lobby shop in 13 story class A office building. Well established and
profitable for many years. Seller retiring after 22 successful years. Offerings
include coffee, snacks, newspapers, tobacco products, a wide variety of
soft drinks, sundry items, drop off laundry service and more. Sales can be
increased by expanding the product line and promoting services to the
offices. Financial information from Tax Returns. Some owner financing
available for qualified buyer.
- Asking Price: $39,900
- Cash Flow: $20,686
- Gross Revenue: $111,208
- EBITDA: N/A
- FF&E: $3,000
- Inventory: $2,500
- Inventory Included: Yes
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:450
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Located in a beautiful class A Office Building
Training as needed. Easy business to leard
Nothing similar nearby
Additional items could be added such as Maine made specialty gifts, sweets, etc..
The company was established in 1999, making the business 23 years old.
The transaction does include inventory valued at $2,500, which is included in the requested price.
The company has 1 employees and is located in a building with estimated square footage of 450 sq ft.
The building is leased by the company for $735 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. However, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a range of various other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, however instead, use the seller's solution along with your total due diligence. This will paint an extra sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that profit margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new clients? Often times, companies have repeat consumers, which create the core of their daily profits. Specific variables such as new competition growing up around the location, roadway building, and also employee turnover can impact repeat consumers and negatively influence future earnings. One important point 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? Certainly, the more people that see the business often, the better the possibility to construct a returning client base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood mean home earnings effect future earnings prospects?