Listing ID: 72493
ONLY 10% DOWN NEEDED, LENDER PRE-QUALFIIED – Store making over $148,000 and sales are up YTD! Put down $41,500 (10%) to purchase this business and after debt service for first year you will make $96,700!! You will get your down deposit back in 5.5 months!!
This very busy sandwich shop is the place to go! They have many celebrities come in regularly and talk about them on their radio shows…. on average 3 celebrities come in every week. They even have filmed a movie at this location because it is such a comfortable, friendly place. Their customers are part of the business and a lot of them are regulars that come all the time every week.
Prime location right next to the Septa Bus terminal and two train stations so they get a good amount of business from all. They have events scheduled throughout the year so there is always excitement and extra business that comes from it. This is a great business and opportunity for a hands-on owner in a great area!
- Asking Price: $415,000
- Cash Flow: $148,920
- Gross Revenue: $739,398
- EBITDA: N/A
- FF&E: $190,000
- Inventory: $8,500
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:19
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The venture was established in 2012, making the business 10 years old.
The transaction shall not include inventory valued at $8,500*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. However, the real factor and the one they tell you may be 2 completely different things. As an example, they may say "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is very vital that you not rely entirely on a seller's word, however rather, utilize the seller's response together with your total due diligence. This will repaint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that profit margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new customers? Many times, companies have repeat customers, which create the core of their day-to-day earnings. Specific variables such as brand-new competition growing up around the area, road construction, and also staff turnover can influence repeat clients and negatively influence future earnings. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the better the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the local typical home income effect future earnings potential?