Listing ID: 72936
Established in 2016 in Yukon OK. Profits are exceptional and the upside is tremendous. This opportunity comes once in a life time. Very profitable, excellent location, located in major intersection. 2700 square feet of space renting at $1500 per month. 10 year lease with 5 years left. SBA loans available for this business. Financials are well docunmented.
- Asking Price: $600,000
- Cash Flow: $250,000
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,700
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
2700 sq ft corner location
Owner will train if needed.
Ready to retire
Excellent location with over 30,000 traffic count
Growth is viable
This Business Is An Established Franchise
The venture was established in 2016, making the business 6 years old.
The transaction doesn't include inventory valued at $200,000*, which ins't included in the listing price.
The company has 2 employees and is located in a building with estimated square footage of 2,700 sq ft.
The building is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is very essential that you not depend entirely on a vendor's word, however rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover items like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Many times, operating businesses have repeat clients, which form the core of their daily profits. Certain elements such as brand-new competitors sprouting up around the location, road building and construction, and staff turn over can impact repeat consumers and also negatively affect future earnings. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the greater the possibility to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional mean household earnings influence future revenue potential?