Listing ID: 76634
This Californian-based franchise currently has nearly 40 locations in CA, NY and Las Vegas, with dozens more in the works!
Very innovative product that has demand waiting around the corner!
This shop was opened with the intention of being operated by a family member, however their plan did not work out and the Owner lives too far to manage.
Great opportunity for a local family operation.
Operational for only 6 months, and PROFITABLE since its doors opened. Average monthly sale >$38K and profits average >$8K per month!!
Opportunity for new operator: Open 7 days, open more than current hours (11am-7pm), join delivery apps, advertise, manage on-site!
Great location adjacent to a major University and Freeway. Great lease terms. All of the hard work has been done and the business is ready to ramp-up sales. PLUS: Owner will consider financing part of the sale to the right buyer.
Contact us today for an NDA.
- Asking Price: $349,000
- Cash Flow: $102,000
- Gross Revenue: $456,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Brand New Operation and Equipment
Yes, from seller and franchise
Too far to manage
This Business Is An Established Franchise
The venture was founded in 2021, making the business 1 years old.
The transaction shall not include inventory valued at $5,000*, which ins't included in the asking price.
The property is leased by the business for $1,300 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be justifications to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or an array of various other factors. This is why it is really essential that you not count entirely on a seller's word, but rather, use the vendor's answer together with your total due diligence. This will paint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that earnings margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new clients? Most times, operating businesses have repeat customers, which create the core of their daily earnings. Specific elements such as new competitors sprouting up around the area, roadway construction, as well as employee turn over can affect repeat customers as well as adversely affect future incomes. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the opportunity to build a returning client base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the regional typical household income impact future revenue potential?