Listing ID: 76985
National brand with more than 170 locations. Turn-key Franchise, Semi Absentee Seller (working about 15 hours per week). Rare Opportunity. Brand did well really well in COVID. The Seller has other business interest and looking for a highly qualified Buyer to take the business to the next level. This business will sell quickly! For additional information, please contact Listing Agent Amit Wadhera (909) 319-9795
- Asking Price: $199,000
- Cash Flow: $60,911
- Gross Revenue: $497,000
- 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:1,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Other Business Interest
This Business Is An Established Franchise
The company was started in 2017, making the business 5 years old.
The company has 10 employees and is situated in a building with estimated square footage of 1,000 sq ft.
The property is leased by the business for $5,878 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. However, the real factor vs the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is very important that you not depend totally on a seller's word, yet instead, utilize the seller's response together with your total due diligence. This will paint a more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Many organisations 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 think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new clients? Often times, operating businesses have repeat clients, which create the core of their daily profits. Particular factors such as brand-new competitors growing up around the location, roadway building and construction, as well as staff turn over can influence repeat consumers as well as adversely influence future profits. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Exactly how might the regional mean family income impact future earnings prospects?