Listing ID: 83918
SE Michigan Portfolio of optimized subways stores!
1. 46032 Michigan Ave Canton, MI 48188
2.15861 Southfield Rd, Allen Park, MI 48101
3. 35427 Goddard Rd, Romulus, MI 48174
4. 10562 Belleville Rd, Belleville, MI 48111
5.11812 Belleville Rd, Bellville, MI 48111
Great opportunity to take over existing operation that has scale and a regional presence.?5 meticulously maintained stores on high visibility corridors.? The stores have been the primary business for a large family and is an optimal opportunity for an entrepreneur looking to grow equity in metro Detroit.?
Ideal buyer is a current subway owner looking to take their holdings from 1-3 units to 7-10 units overnight.?
P&L numbers available for the last 2 years upon signing a NDA.
- Asking Price: $1,195,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they might state "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in profits, or a range of various other reasons. This is why it is really important that you not rely absolutely on a vendor's word, however rather, utilize the seller's answer in conjunction with your total due diligence. This will repaint an extra practical image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Certain elements such as brand-new competition sprouting up around the location, road building and construction, and personnel turn over can impact repeat customers and adversely influence future earnings. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood mean home income impact future earnings prospects?