Listing ID: 84009
This national franchise provides the model to offer fresh baked and prepared food with great taste. It has been in operation for over 25 years and still delights its customers with great tasting food and exceptional customer service. Anywhere from a great cup of coffee to a full meal, or just a dessert, they have you covered. This business also provides great catering options to local employers. They offer delivery to nearby locations which further expands their market touch. With loyal and well-trained employees this opportunity is looking for a new leader to continue the great operation.
- Asking Price: $450,000
- Cash Flow: $150,000
- Gross Revenue: $1,000,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $25,000
- Inventory Included: N/A
- Established: 1993
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:28
- Furniture, Fixtures and Equipment:N/A
The facilities are well maintained and well established, located in outdoor malls that have good visibility and strong traffic flow.
Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities and building a working relationship with the employees. The franchisor also provides training both at a company store as well as on-site.
The seller is looking to invest in out areas.
There is substantial competition in the fast food and quick food market. However, there is significant demand in this section of the restaurant industry as well. Winners remain providers that can provide a clean and friendly environment, with great tasting fresh food served at a good price. The wholesale division of the business also gives this business a competitive advantage over others both in sales volume and distribution exposure.
Growth opportunities exist in expanding the hours of operations to be more competitive as well as providing more delivery options.
This Business Is An Established Franchise
The venture was started in 1993, making the business 29 years old.
The transaction shall not include inventory valued at $25,000*, which ins't included in the listing price.
The company has 28 employees and is located in a building with approx. square footage of N/A sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor and the one they tell you might be 2 totally different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of other reasons. This is why it is really important that you not rely totally on a seller's word, yet rather, utilize the vendor's response combined with your overall due diligence. This will repaint a more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new clients? Often times, businesses have repeat clients, which develop the core of their day-to-day earnings. Certain elements such as brand-new competitors sprouting up around the area, roadway construction, and also staff turnover can impact repeat customers and adversely impact future revenues. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the better the chance to build a returning customer base. A final idea is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the local median home income impact future income prospects?