Listing ID: 76839
Unbeatable location in a high traffic well-known supermarket chain with a captive audience. Low rent with a percentage lease and recently remodeled. Gross revenue in 2019 was $497,728 and the income was $70,955. COVID effected 2020 revenue, but sales have increased in 2021. The store adjusted its hours to remain profitable through COVID. Seller is motivated and Franchisor will provide training. Great easy to run business for first time entrepreneur with capital to invest. Call Listing Agent, Amit Wadhera today for more info 909-319-9795.
- Asking Price: $99,000
- Cash Flow: $70,955
- Gross Revenue: $497,728
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
The company was established in 2016, making the business 6 years old.
The company has 7 employees and is situated in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $2,291 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other reasons. This is why it is really important that you not depend absolutely on a seller's word, however rather, utilize the vendor's response in conjunction with your overall due diligence. This will paint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that profit 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 additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be met or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new customers? Many times, businesses have repeat clients, which form the core of their day-to-day revenues. Certain variables such as new competitors growing up around the location, roadway building, and also employee turnover can influence repeat customers as well as adversely affect future earnings. One vital thing to take into consideration is the placement 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 higher the opportunity to develop a returning client base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional mean home income impact future earnings potential?