Listing ID: 67572
Strategically located, this well known franchise operates two locations that work together synergistically, creating efficiencies in management, production and marketing. Producing super high quality baked goods, soups, sandwiches and more, their consistent participation in Farmers Markets not only enhances sales volume, but provides valuable marketing exposure as well. A fixture in the community for almost 15 years, the customers love it, the employees are loyal and the managers are happy to stay with the new owner.
Call Jeff Neuburg 703-623-5575
- Asking Price: $830,000
- Cash Flow: $400,000
- Gross Revenue: $1,600,000
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:28
- Furniture, Fixtures and Equipment:N/A
2 high volume, upscale shopping center locations, one 1940 sq. ft. and the other 1640 sq. ft. Equipment list can be provided. Includes 2 company cars.
Growth to this point has been mostly organic. Very little marketing has been done. Catering is the next big growth area. The customers have asked for it, they just haven't really developed it yet.
This Business Is An Established Franchise
The business was established in 2004, making the business 18 years old.
The deal shall include inventory valued at $25,000, which is included in the asking price.
The business has 28 employees and resides in a building with estimated square footage of 3,600 sq ft.
The real estate is leased by the business for $14,963 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nonetheless, the genuine factor and the one they say to you might be 2 totally different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is extremely essential that you not count absolutely on a seller's word, however instead, make use of the seller's response combined with your general due diligence. This will paint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that must be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract brand-new clients? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular variables such as new competitors sprouting up around the area, road construction, and also employee turnover can influence repeat clients and also adversely affect future earnings. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the better the chance to construct a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood mean household earnings influence future income prospects?