Listing ID: 82305
If you have ever wanted to own and operate your own franchised yogurt store, this is a great opportunity The current owners own and operate another business and want to lighten their personal work load a bit. You can purchase this business for $220,000, which is less than the cos to start it new. It already has an established clientele and an attractive lease in a high traffic strip center in Lincoln, Nebraska. The gross revenue for the first 10 months of the first 10 months of 2021 was 298, 677, which annualized, would be $358,412.
- Asking Price: $220,000
- Cash Flow: N/A
- Gross Revenue: $298,677
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Reduce daily workload for current owners.
This Business Is An Established Franchise
The company was started in 2018, making the business 4 years old.
The company has 12 employees and is located in a building with estimated square footage of 2,000 sq ft.
The property is leased by the company for $3,042 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell companies. Nevertheless, the real reason vs the one they tell you might be 2 entirely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is very vital that you not rely absolutely on a seller's word, yet rather, make use of the seller's response in conjunction with your total due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover items like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also 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 vendors that have to be satisfied or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Most times, operating businesses have repeat consumers, which form the core of their daily earnings. Specific variables such as new competition sprouting up around the location, roadway construction, and staff turnover can influence repeat consumers as well as adversely influence future revenues. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the chance to construct a returning client base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional median home earnings impact future revenue prospects?