Listing ID: 84181
Presently being run as a self serve frozen yogurt bar. However, this location is optimal for the addition of coffee or juice. Plenty of free parking in busy Columbian Square: steps from South Shore Hospital, Cameo Theater and Rte 3 and Rte 18.
Offering a tremendous state of the art fit out space with new equipment and under market lease. All the heavy lifting has been done.
Owner can expand menu: nutrition, bubble teas, desserts, gourmet coffee and teas. Wired for Turbo Chef to add hot items Training and orientation available. Seller financing negotiable!
Size: 1,150 SF
Seats: 20 seats
Rent: $1,735 per month (incl water & trash)
- Asking Price: $69,000
- Cash Flow: N/A
- Gross Revenue: $183,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- 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
tremendous expansion opportunity with addition of other quick serve products
The business was established in 2012, making the business 10 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell operating businesses. However, the true factor and the one they tell you may be 2 entirely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is really crucial that you not rely entirely on a seller's word, but rather, utilize the vendor's answer combined with your general due diligence. This will repaint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans in order to cover things like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that profit margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new customers? Often times, companies have repeat clients, which create the core of their everyday earnings. Certain aspects such as new competition growing up around the area, roadway building and construction, and also staff turnover can influence repeat consumers and also negatively influence future revenues. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the local typical home income effect future earnings prospects?