Asking Price: $108,500 Gross Revenue: $454,922Cash Flow: $74,596 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $4,000 included in asking priceFF&E: $50,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Owner is "extremely" motivated to move on leaving this as the best listing ever. Unique opportunity to be part of a large well-known successful national franchise system in a major growth area of Virginia. HoneyBaked Ham is a retail marketplace/café selling ready-to-serve hams, turkeys, specialty meats, side dishes & desserts. Also operates as a café with ample seating for customers and offers gifting and catering opportunities.
Easy to run with family friendly hours of operation. Established manager and staff who can run daily operations. Recently renovated. All franchisees have corporate assistance and a business consultant to help with the success of the business, including assistance with advertising and promotional materials.
Only HoneyBaked Ham in this area. People travel from miles away during the holiday season to pick up their Holiday meal, which is a family tradition. Also offers shipping throughout the U.S., Rockingham County is a major growth area in a college town and vacation setting located in the scenic Shenandoah Valley. Numerous Northern Virginia and D.C. individuals are relocating to Rockingham County.
Owner ready to retire and business would benefit from a younger, ambitious owner to grow the business.
About the Business
Number of Employees:
1 FT/5 PT
The location is a Commercial Strip Center in popular college town located in the Shenandoah Valley. Two Doors in front of space and one in the rear. The Real Estate is owned by a non-related, third party. New Ownership would need to negotiate new lease terms. Current lease is for 2,624 sq. ft. Current lease runs thru October 31, 2020 with 3-year right to renew. Lease includes provision that if current tenant decides to close or sell its business, then tenant has the right to terminate the lease by providing sixty days written notice. Any assignment requires Landlord consent and lease will stand solely on the Buyers creditworthiness, relieving present owner from any liability.
While this engagement would officially be considered a restaurant, the retail-like characteristics make it a little different than the traditional restaurant day-to-day grind. As such, there is really nothing comparable to it in the town in which it operates. It also provides delivery service.
Growth & Expansion:
As mentioned above, the hours are somewhat limited based on the lifestyle the owners have chosen personally. New ownership will see many more creative ways to expand sales.
HoneyBaked Ham Marketplace & Cafe - Super Motivated to Sell
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.