Listing ID: 67575
Unique opportunity to own an established franchise that is part of an industry leading inventory management program. The primary clients encompass a number of hospitality categories including: bars and restaurants, bowling alleys, nightclubs, concert venues, hotels, and more! The proprietary system detects and resolves challenges in all phases of inventory: counting, controlling, ordering, and inventory analytics, using data to help operators make better management decisions faster. This is ideal for anyone looking to enhance profits and improve their beverage inventory controls.
The business also offers full-service audits, partial-service audits, and “do-it-yourself” audits that clients can implement on their own schedule. They also offer customized service options that range from full service to shared inventory responsibilities and mobile inventory applications for in-house inventory management. The parent company was founded over 30 years ago and takes pride in having served over 50,000 customers. This specific franchise has been established for nearly 20 years and serves the Baltimore metro area.
The business has established relationships with countless clients and focuses heavily on retention as well as customer acquisition programs. Approximately 50% of the clients have been with the business for over 10 years as the owner seeks to build long-term partnerships. There is also support provided through a network of franchises that also includes over 370 franchisees in 35 countries. This is the perfect business for someone with experience in the hospitality industry or an entrepreneur looking to have their own business without the headaches and costs of starting from scratch!
- Asking Price: $25,000
- Cash Flow: $84,625
- Gross Revenue: $149,524
- EBITDA: N/A
- FF&E: $3,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Home based business. (Home Based)
Seller will provide necessary training and support.
Owner is planning on retiring.
There is very limited direct competition. There is one other main competitor, but they offer a lower level of products and services.
There is ample room for growth and expansion as the franchise serves a large territory with many untapped prospects. The territory covers a thriving market that is adding new bars and restaurants regularly.
This Business Is Home Based
This Business Is An Established Franchise
The company was established in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is very important that you not depend absolutely on a seller's word, however rather, utilize the seller's solution in conjunction with your overall due diligence. This will paint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that earnings margins are too thin. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Often times, companies have repeat customers, which form the core of their day-to-day profits. Certain elements such as new competition sprouting up around the location, roadway building and construction, and also personnel turnover can impact repeat customers and negatively influence future revenues. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the opportunity to construct a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average home earnings effect future revenue potential?