Listing ID: 73526
THIS BUSINESS IS SBA LENDER PRE-QUALIFIED WITH ONLY 15% DOWN TO A QUALIFIED BUYER.
This WELL KNOWN and VERY PROFITABLE Smoothie franchise business has been here for over 14 years and is located in the Greater Tampa Bay Area on a busy road and in an affluent area. This store has had its capital improvements and upgrades required per the Franchisor in 2021 and ready for a new owner.
Very SIMPLE and MANAGEABLE operation. Perfect for a new business owner or even for an experienced owner wanting to expand locations.
The business continued to operate throughout covid and is now enjoying sales that are even HIGHER than a year ago. This a growing store that’s tracking at $153k SDE this year or an owner operator at approx $120k as absentee owner. The reason they are selling is because there are two partners and they want to buy a bigger business. The franchisor will require the buyer to pay a $12,500 transfer fee.
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IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $450,000
- Cash Flow: $153,082
- Gross Revenue: $529,331
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $7,500
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,170
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Newly upgraded . Super Clean
Seller will give 1 week at no cost to Buyer. Additional training from he franchisor
Sellers are two partners and are looking to purchase a larger business
This Business Is An Established Franchise
The company was started in 2007, making the business 15 years old.
The deal will include inventory valued at $7,500, which is included in the requested price.
The business has 12 employees and resides in a building with estimated square footage of 1,170 sq ft.
The building is leased by the business for $3,061 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the genuine factor and the one they tell you might be 2 absolutely different things. As an example, they may claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of various other reasons. This is why it is really vital that you not rely absolutely on a seller's word, yet rather, utilize the seller's response in conjunction with your overall due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that revenue margins are too small. Many 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 commitments 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 vendors that should be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract brand-new consumers? Many times, operating businesses have repeat customers, which create the core of their daily earnings. Particular elements such as brand-new competitors sprouting up around the area, roadway construction, and personnel turn over can influence repeat clients and negatively impact future revenues. One crucial point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the chance to construct a returning consumer base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood median household income effect future earnings prospects?