Business Overview

As a growing number of people develop outdoor hobbies, the backyard birdfeeding and wild bird industry is booming. Our business is a retail store built for the backyard birding enthusiast. Quality products across a comprehensive number of categories, superior customer service and knowledgeable staff make it a one-stop center for all avian and natural hobbies in the backyard. In addition to being a superior retail store, the stores strive to be active community resources; destinations for information on all things relating to backyard birds, wildlife and habitats.

Supported by a national Maryland-based franchisor, this business was originally established in 1989 and has been operated by the current owners since 2008. The store is in an excellent location — situated in a busy retail center with great surrounding demographics, and is next door to a Starbucks. Price includes about $37,000 in inventory with a $73,000 retail value.

Financial

  • Asking Price: $149,500
  • Cash Flow: N/A
  • Gross Revenue: $431,001
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $37,000
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

retiring

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was founded in 2004, making the business 18 years old.
The sale does include inventory valued at $37,000, which is included in the asking price.

The company has 3 employees and is located in a building with approx. square footage of 1,200 sq ft.
The building is leased by the company for $4,977 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. However, the true reason and the one they say to you may be 2 totally different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is really important that you not depend completely on a seller's word, yet rather, use the vendor's response along with your overall due diligence. This will repaint a more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their daily profits. Particular aspects such as brand-new competition sprouting up around the location, road construction, and also staff turn over can affect repeat customers and also adversely impact future revenues. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the better the chance to construct a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Just how might the local typical family income influence future income potential?