Listing ID: 76488
Established franchise with multiple locations and recurring revenue, this business is easy to learn and fun to operate. This business has a very high ceiling with future recurring royalties on existing and new locations, which are desirable and very profitable during the new franchise sales phase. All systems are in place for a new owner to step in and continue the upward trend. This is currently a home based business model that can be managed by one person at little expense. Inquire for more details.
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- Asking Price: $450,000
- Cash Flow: $102,623
- Gross Revenue: $104,730
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Home-based (Home Based)
4 weeks included
This Business Is Home Based
This Business Is An Established Franchise
The business was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 completely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a variety of other factors. This is why it is extremely important that you not rely completely on a vendor's word, yet rather, make use of the vendor's answer combined with your general due diligence. This will repaint a more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover things like inventory, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might 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
How do businesses in the area draw in new consumers? Many times, companies have repeat customers, which form the core of their day-to-day revenues. Certain aspects such as brand-new competitors growing up around the area, road building and construction, and also staff turnover can affect repeat consumers as well as negatively impact future incomes. One important point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the opportunity to develop a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood median household earnings effect future earnings potential?