Listing ID: 67640
Nationally recognized, hands on kids’ cooking franchise. Based in a prime, upscale shopping district in Raleigh, NC.
Turnkey business with management already in place. Limited competition and opportunity for adding additional in person and virtual clients.
Owners are willing to assist with the transition to the new buyer.
- Asking Price: $199,000
- Cash Flow: $57,000
- Gross Revenue: $207,700
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Seller is committed to helping Buyer achieve success and will provide training and orderly turnover. Included in the sale price, Seller will provide initial training and consultation for a negotiated period of time. Franchise will also provide support.
Owners want to focus on other endeavors.
Limited competition in a very strong area.
This business offers many opportunities for growth, such as: expanding the marketing and sales efforts of the company and branching out into more locations. With the growth of the Triangle area, the business will likely only see growth as a result.
This Business Is An Established Franchise
The business was established in 2019, making the business 3 years old.
The business has 8 employees and resides in a building with disclosed square footage of 2,000 sq ft.
The property is leased by the business for $6,858.79 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is extremely vital that you not count absolutely on a seller's word, yet rather, use the vendor's solution together with your total due diligence. This will paint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Most times, businesses have repeat customers, which develop the core of their day-to-day revenues. Particular factors such as brand-new competitors growing up around the location, roadway building and construction, and employee turnover can influence repeat clients as well as negatively influence future profits. One crucial thing to consider is the location 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 higher the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local typical family income influence future earnings potential?