Listing ID: 71303
Own an established business that provides much-needed services to your community.
Operating business with a great reputation and loyal retail and commercial customers.
This business is priced below the cost to open a new franchise.You’ll also become a part of the fabric of the neighborhoods and businesses surrounding your location.
The mission of the brand is: “To provide the dream of business ownership through
Franchising; and from this dream, value is added to the lives of our Franchisees,
Employees, Stakeholders and their communities. The business offers substantial
The store is well established and located in a long standing area with good traffic. Work
with both retail clients and local businesses. An aggressive owner operator can take
advantage of all that the franchise offers and commercial business. Currently this store is run on a day to day basis by the owner.
Some seller financing may be available to qualified buyers. This business can be
financed by the Small Business AdministrationOwn an established business that provides much-needed services to your community.
- Asking Price: $84,900
- Cash Flow: $42,000
- Gross Revenue: $363,500
- EBITDA: N/A
- FF&E: N/A
- Inventory: $8,000
- Inventory Included: N/A
- Established: 2003
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,350
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The franchisor provides comprehensive training for new franchise owners. The seller will be available if needed to transition the business to buyer if needed. The employees are fully trained to run the store on a day to day basis.
This Business Is An Established Franchise
The venture was founded in 2003, making the business 19 years old.
The sale won't include inventory valued at $8,000*, which ins't included in the asking price.
The company has 1 FT + 2 PT employees and is situated in a building with estimated square footage of 1,350 sq ft.
The property is leased by the business for $1,333 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. However, the genuine reason vs the one they say to you may be 2 absolutely different things. As an example, they might state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is really vital that you not rely absolutely on a seller's word, yet rather, make use of the seller's solution along with your general due diligence. This will repaint a much more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that earnings margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Often times, companies have repeat customers, which develop the core of their everyday earnings. Specific elements such as new competitors growing up around the area, roadway building, and staff turnover can influence repeat customers and also adversely impact future profits. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A last thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood average house income effect future earnings potential?