Business Overview

Unit 1
1,350 sq. ft.
Base rent: $13.11 psf; rent reduced from $17.48 due to Family Video vacating
Term: through June 30, 2024, one additional five-year renewal option w/10% fixed increase, Little Caesars lease form
Unanchored strip center on convenient retail intersection; small city, moderate income, families, Dayton DMA
Panel on pole sign (former Family Video building)
I-7, CV, 2-deck XLT, one split belt, Portal, dough rounder, auto saucer
Unit 2
2,317 sq. ft.
Base rent: $12.48 psf
Term: through August 31, 2024, one additional five-year renewal option w/5% fixed increase, Little Caesars lease form
End cap in unanchored strip on retail corridor; small city, moderate income, families, Dayton DMA
Prominent signage on two faces
I-7, CV, 2-deck XLT, one split belt, Portal, dough rounder, auto saucer
Unit 3
1,225 sq. ft.
Base rent: $10.67 psf (yes, $10.67)
Term: through May 31, 2026, two additional five-year renewal options w/10%, 20% fixed increase, Little Caesars lease form
Free standing drive thru in outlot of unanchored strip center convenient to entire city; small city, moderate income, families, Dayton DMA
Prominent pole sign and building signs
I-7, CV, 3-deck XLT, two split belts, Portal, dough rounder, auto saucer

Financial

  • Asking Price: $705,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $600,000
  • Inventory: $21,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,550
  • Lot Size:N/A
  • Total Number of Employees:33
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

All FF&E to be in good working condition prior to change over

Is Support & Training Included:

Franchisor offer 6 weeks of training.

Purpose For Selling:

Other business interests

Established Franchise:

This Business Is An Established Franchise

Additional Info

The deal shall not include inventory valued at $21,000*, which ins't included in the asking price.

The business has 33 employees and resides in a building with approx. square footage of 1,550 sq ft.
The property is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell companies. However, the true reason and the one they tell you may be 2 entirely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a variety of other factors. This is why it is extremely important that you not count totally on a seller's word, however rather, utilize the seller's response combined with your overall due diligence. This will repaint a more reasonable picture of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items like supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt 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 tools or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the area, roadway building, and also employee turnover can impact repeat clients and adversely impact future earnings. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the greater the chance to construct a returning client base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional typical house earnings impact future earnings prospects?