Listing ID: 76961
Absentee Seller. Manager & Shift leads in place. Business is growing and sales are going up. This health oriented brand did well in COVID. Seller lives far from this business and that is the only reason they want to sell this. This store is located in a very busy shopping center. Currently it is doing an Average of $61k Monthly in net sales. According to the Seller, Buyer could replace manager as an owner operator and further increase profits. Adjusted net profit of $123,540 is with an owner operator reducing payroll by $32k. For more information, please contact Listing Agent Amit Wadhera at 909-319-9795.
- Asking Price: $425,000
- Cash Flow: $123,540
- Gross Revenue: $700,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,050
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
Too far from home
This Business Is An Established Franchise
The company was started in 2017, making the business 5 years old.
The business has 11 employees and resides in a building with approx. square footage of 1,050 sq ft.
The property is leased by the company for $6,608 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they might say "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a range of various other reasons. This is why it is very essential that you not depend completely on a vendor's word, yet instead, make use of the seller's solution along with your overall due diligence. This will paint a more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover points such as supplies, payroll, accounts payable, etc. Remember that occasionally this can mean that revenue margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new consumers? Most times, companies have repeat customers, which form the core of their daily earnings. Certain elements such as new competitors sprouting up around the area, roadway construction, and employee turn over can affect repeat clients and adversely impact future earnings. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to build a returning customer base. A last thought 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 local mean family earnings impact future earnings prospects?