Listing ID: 72438
OWNER MOVED AND MUST SELL – $65,000 FOR THIS SALAD BUSINESS. THE LAST 3 MONTHS IN 2021 STORE HAS BEAT 2019 SALES (which was their best sales) AND CONTINUES TO INCREASE IN 2021.
NOTE: 2021 Jan-Aug netted $67,815 already and on track to net a little over $100,000 for 2021
Saladworks makes fresh salads in front of the customers and allows them to customize it to their liking. The salads can also be turned into a wrap. They also sell beverages, sandwiches, panini’s, soups and now grain bowls. Very high foot traffic in this area.
This salad business strongest month are October, November and December due to the holiday shopping, 12% of revenue comes in December.
Motivated seller at this low price for $65,000.
- Asking Price: $65,000
- Cash Flow: $101,724
- Gross Revenue: $762,725
- EBITDA: N/A
- FF&E: $145,000
- Inventory: $15,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Relocating to Michigan.
This Business Is An Established Franchise
The business was established in 2009, making the business 13 years old.
The deal won't include inventory valued at $15,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. However, the true factor and the one they say to you might be 2 completely different things. As an example, they might say "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is extremely important that you not depend completely on a vendor's word, however instead, make use of the vendor's answer along with your overall due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points like inventory, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new customers? Most times, businesses have repeat clients, which create the core of their everyday revenues. Particular factors such as new competitors growing up around the location, road building and construction, and also employee turnover can affect repeat clients and adversely affect future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning client base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood average family earnings influence future earnings potential?