Listing ID: 81174
Papa Murphy’s are doing very well during coronavirus because people want and need pickup and cook at home meals. Sales have been strong! This is a very well established Papa Murphy’s. Seller financing is available for a qualified buyer. The store has an absentee owner so a new on site owner has a great opportunity to make more money.
This Papa Murphy’s is located in a busy, high traffic shopping center surrounded by other popular retailers such as Safeway, Starbucks and Walgreens. This means built-in customers for you!
Papa Murphy’s offers one of the finest training and support programs in the industry. A new operator will receive hands on training at a working location and support from a corporate representative at your new location.
Candidates should have good credit/670 or more, net worth of $325K or more and $125,000 or more in liquid assets; these are just approximate guidelines and subject to Papa Murphy’s International evaluation.
The cash flow shown has been adjusted for a working owner by adding manager salary and manager payroll tax.
Disclaimer: The information provided here is compiled from information by the Seller(s). The broker or agent makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification & that of their financial &/or legal advisors with regard to this information.
- Asking Price: $225,000
- Cash Flow: $94,000
- Gross Revenue: $444,000
- EBITDA: N/A
- FF&E: $80,000
- Inventory: $4,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The center is high traffic and well maintained.
Papa Murphy's offers one of the finest training programs in the franchise business.
Other business interests
Papa Murphy's offers a unique product with no competition.
This is an absentee run location so a new owner will have a great opportunity to expand. Papa Murphy's is always looking for people that would like to grow and expand to many locations.
This Business Is An Established Franchise
The sale will include inventory valued at $4,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you might be 2 absolutely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a variety of various other factors. This is why it is very vital that you not count absolutely on a seller's word, however rather, utilize the seller's response in conjunction with your total due diligence. This will repaint a much more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that earnings margins are too thin. Many companies fall under 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 take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Particular aspects such as new competitors sprouting up around the location, roadway building and construction, and also personnel turn over can affect repeat customers as well as negatively affect future revenues. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood median household income influence future income prospects?