Listing ID: 80434
Business Overview
Awesome Opportunity! Established business in Retail District Fayetteville, Georgia. Two notionally known brand franchises in one location.
Financial
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: $31,000
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2019
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,380
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Leased space sf of 1,380
Seller is willing to provide 2 of weeks of assistance (probably 30 hours a week for 2 weeks) and be on call to answer questions for an additional 2 weeks
Career Advancement
The biggest positive is the brand recognition followed by a good reputation that has been created in the Fayetteville Community. Our sales have also increased over the last year with the help of great employees.
I do believe that with proper marketing, the store's sales will continue to grow and that the store is in a good position to continually increase in sales.
This Business Is An Established Franchise
Additional Info
The company was founded in 2019, making the business 3 years old.
The deal shall not include inventory valued at $5,000*, which ins't included in the requested price.
The company has 3 employees and resides in a building with approx. square footage of 1,380 sq ft.
The property is leased by the business for $3,245 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nevertheless, the true factor and the one they say to you may be 2 completely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of other factors. This is why it is really crucial that you not rely totally on a seller's word, however rather, utilize the vendor's answer together with your overall due diligence. This will repaint a more realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that revenue margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new customers? Most times, businesses have repeat consumers, which create the core of their day-to-day earnings. Certain aspects such as new competitors sprouting up around the area, road construction, and employee turn over can affect repeat customers and also adversely impact future incomes. One vital thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business often, the greater the chance to build a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood typical family income influence future income potential?
