Business Overview

Located in busy location. Seller is motivated. Bring all offers. Currently operating as a FF franchise but bring your own concept or keep it as it is. Seller has the business leased out to the current operator. Perfect for any type of food concept.

Financial

  • Asking Price: $75,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,797
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

located in busy location, 1797 square feet all updated. Totally turn key.

Is Support & Training Included:

seller will train

Purpose For Selling:

new business interest

Pros and Cons:

change to any food concept or keep the franchise

Established Franchise:

This Business Is An Established Franchise

Additional Info

The business was started in 2016, making the business 6 years old.

The company has 3 employees and is located in a building with estimated square footage of 1,797 sq ft.
The property is leased by the company for $3,606 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell operating businesses. Nevertheless, the real reason vs the one they tell you may be 2 absolutely different things. For instance, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in profits, or a range of other factors. This is why it is extremely vital that you not count entirely on a seller's word, yet instead, use the vendor's answer along with your overall due diligence. This will paint an extra sensible picture 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 need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that have to be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract brand-new clients? Many times, businesses have repeat customers, which develop the core of their daily profits. Particular elements such as new competition sprouting up around the location, road building and construction, and also employee turn over can affect repeat consumers and also adversely impact future profits. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the higher the chance to develop a returning customer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the regional mean house earnings impact future revenue potential?