Asking Price: $199,000 Gross Revenue: $367,732Cash Flow: $79,536 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 included in asking priceFF&E: $65,000 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.
Premium gourmet popcorn shop placed in a high-income community hub is available for acquisition. This business was originally established over three decades ago in 1982 and was later acquired by the current owner of the business in 2012. In 2017, the current owner of the business relocated the shop to another suite within the same retail strip center and completely renovated the interior with some new equipment as well as design. Most of the customers are middle to upper-class families and individuals that has consistently bought popcorn from this business over the last several decades as loyal customers. While many of the families live in the surrounding densely populated residential neighborhoods, some of the sales consists of corporate accounts that order each year and is increasing every year. Gross sales is $360,000/year that has dropped compared to 2017 due to relocation, but many of the loyal customers are back at the location as well as improved parking spaces for all customers. Corporate accounts contribute to 5% of the total sales and have been increasing each year as word of mouth spreads within the corporate world. Margins for the business is superior to many businesses within the food industry and easily makes large returns in cash as the sales increase. Competition in the area is non-existent as there's no other gourmet popcorn shop or business that specializes in any type of popcorn sale. Various avenues of marketing has yet to be utilized that can increase the potential cash flow and acquisition of new customers as well as corporate accounts. There are many ways to proactively market this business such as promotional flavors, direct mailing, flyers to offices, 3rd party delivery services, social media outlets and increasing corporate accounts. Social media outlets as well as local delivery services will provide immense attraction to the business that will increase acquisition of new customers outside the loyal customer base. This gourmet popcorn shop has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operation.
Listing ID #000778
For more info, please call Stephen Lee at 1-866-519-2421.
About the Business
Number of Employees:
This business is located in a 2,160 SF space of a retail strip center that has gone through construction of the parking lot. Ample parking is available for the business while many of the equipment within the business were upgraded.
There are no competitors within the immediate market area that has the same concept as this business.
Growth & Expansion:
Some marketing is in place through social media outlets and through print AD, but other marketing methods needs to be utilized to generate more cash flow.
Long Established Gourmet Popcorn Shop in Prime Location
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