Listing ID: 79463
Established business with excellent growth opportunity! (An SBA-Approved Franchise); New franchises costs on average $200k.
This is an excellent opportunity to own a fun and creative business that offers custom design to the public and B2B opportunities. Multiple revenue streams!
Step into business ownership quickly and successfully!
• Well-known, highly regarded business name
• Moneymaker with immediate growth opportunity
• Great location
• No previous experience needed
• Ongoing training & support
Everything is already established for effective web presence, advertising, social media, and local business marketing.
- Asking Price: $60,000
- Cash Flow: N/A
- Gross Revenue: $378,494
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $8,000
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 weeks training at no cost; plus, additional training by Corporate in Florida
Pursuing other opportunities
While there are other t-shirt shops in the area, most of them only provide screen-printing for very large bulk orders. As such, they are cooperation rather than competition. Local screen printers often refer customers seeking small orders to our location. Similarly, we work in cooperation with screen printers when a t-shirt order lends itself better to screen-printing.
The store is located in one of the busiest commercial shopping centers in the Avon area. It is a well-kept space that appeals to customers with its bright and welcoming atmosphere.
This Business Is An Established Franchise
The business was founded in 2016, making the business 6 years old.
The deal shall include inventory valued at $8,000, which is included in the listing price.
The company has 3 employees and is situated in a building with disclosed square footage of 1,700 sq ft.
The property is leased by the company for $4,700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the genuine factor and the one they tell you might be 2 absolutely different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really vital that you not count entirely on a seller's word, however instead, make use of the vendor's solution along with your total due diligence. This will paint an extra reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover points like stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new clients? Many times, companies have repeat customers, which develop the core of their everyday earnings. Certain elements such as brand-new competition sprouting up around the location, road building, as well as personnel turn over can impact repeat clients as well as negatively influence future profits. One vital thing to consider is the placement 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 opportunity to build a returning client base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Exactly how might the local typical house earnings influence future earnings prospects?