Listing ID: 83927
Business Overview
Great opportunity to take over existing operation that has scale and a regional presence.? 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 4-10 units overnight.?
SE Michigan Portfolio of optimized subways stores!
Other Locations Available. Portfolio of 5 available for $1,195,000
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
P&L numbers available for the last 2 years upon signing a NDA.
Financial
- Asking Price: $346,483
- 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 sorts of reasons individuals decide to sell companies. Nonetheless, the true factor and the one they tell you might be 2 completely different things. As an example, they might state "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is very vital that you not count completely on a seller's word, however rather, make use of the vendor's solution along with your general due diligence. This will paint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that earnings margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new consumers? Most times, businesses have repeat consumers, which create the core of their everyday earnings. Certain variables such as brand-new competitors sprouting up around the location, roadway building, as well as personnel turnover can impact repeat consumers as well as adversely affect future revenues. One vital thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the chance to develop a returning customer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood median home income influence future income prospects?
