Listing ID: 79315
Reason for Sale: Started a Real Estate Career- Profitable Fresh Fruit Bouquet Franchise. 1300 locations nationwide in the franchise network. Strong Nationwide branding. This location has been established since 2006 creating magnificent, fresh fruit arrangements & gourmet chocolate dipped fruit to order, for pick-up or delivery. Owner benefit $78k for a working owner for 2020. Visa qualified. Tenured staff. Lease extends to 2031. Prime location in a lifestyle mall with national anchors with Macy, Sears, Lowe’s. Seller services all Broward cities. Brand new built out store in 2016 with the newest Smoothie line. Buyer pays transfer/training fee. Training in Connecticut. Perfect books and records (19/18/17/16 Tax Returns on file).
- Asking Price: $150,000
- Cash Flow: $78,131
- Gross Revenue: $466,720
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $6,000
- Inventory Included: Yes
- Established: 2006
- 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
Will train for 4 weeks @ $0 cost.
Starting a Real Estate Career.
This Business Is An Established Franchise
The business was established in 2006, making the business 16 years old.
The deal does include inventory valued at $6,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of other factors. This is why it is extremely essential that you not depend completely on a seller's word, yet rather, utilize the vendor's solution along with your total due diligence. This will repaint a much more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that profit margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also 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 vendors that should be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Many times, companies have repeat customers, which create the core of their everyday earnings. Particular factors such as new competitors sprouting up around the location, road construction, and also staff turn over can affect repeat clients as well as adversely affect future incomes. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the opportunity to construct a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical family income impact future earnings potential?