Listing ID: 82654
Here is your opportunity to own a turn key, USDA Licensed, established food production facility with a 125 year history, complete with building, equipment, recipes, customer list and distribution network located in one of the fastest growing areas in the Northwest. The owner is retiring.
Truzzolino’s has been a family run operation for most of the last 125 years. The tamales and pasties that are made at this location are second to none and have a reputation that reaches across the country. The potential for a prospective buyer is only limited by their ambition.
Financials available upon completion of a Non-Disclosure Agreement.
Owner would stay and train for a brief period if needed.
- Asking Price: $800,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,266
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
The building is located on Harrison Avenue in Butte, Montana. This location has in excess of 14,000 vehicles driving by it on a daily basis. The business is being sold with all equipment, recipes, customer list and distribution network.
The owner will stay on for a brief period to train new owners and is willing to consult as needed as well.
The owner is retiring.
Truzzolino Tamale's is the only tamale shop in the area, and the pasties that they produce are second to none in terms of taste, quality and consistency.
Growth opportunities are only limited by the buyer's ambition and imagination.
This Business Is An Established Franchise
The company was started in 2002, making the business 20 years old.
The company has 9 employees and is situated in a building with disclosed square footage of 2,266 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. As an example, they may say "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is really vital that you not depend totally on a seller's word, however instead, utilize the vendor's response along with your total due diligence. This will repaint an extra realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can imply that earnings margins are too thin. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in new customers? Most times, operating businesses have repeat clients, which create the core of their daily earnings. Certain elements such as brand-new competitors sprouting up around the location, roadway construction, and personnel turn over can affect repeat customers as well as adversely affect future revenues. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, 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 develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the regional average house income effect future revenue potential?