Asking Price: $775,000 Gross Revenue: $800,000Cash Flow: $180,000EBITDA: $150,000Inventory: $400,000 included in asking priceFF&E: $250,000 included in asking priceShare 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.
This extremely cashflow positive 5-year old company is a local market leader in professional grade kitchen and cookware products. Business has 1 seasoned Assistant Manager and 2 FT employees averaging nearly $350 per square foot in sales with very low operating costs per retail standards.
4-year net income has grown from $60K to $180K on average annual sales of over $800K!!! Sales have been entirely driven by local foot traffic and very little traditional advertising. With plans to add ecommerce sales and optimization of social media marketing, the company is in a very strong position to grow 20-30% annually due to the tremendous growth and awareness of gourmet cooking and Food Channel programming! There are also strong opportunities to develop new business ops in neighboring cities and states as well. The business is located in one of the highest retail traffic count intersections in Oklahoma. The low cost of living, minimal competition and existing skilled retail labor force make this retail opportunity very attractive.
The owner will provide extensive training and support during the 30 day transition. The business is priced at $775,000 including over $380K current inventory and $250K recent build-out/equipment SBA financing with 10% down for right buyer! Please call or email Jay Shrewder today for more information as this one will be “under contract” soon!
About the Business
Number of Employees:
Building Sq. Ft.:
2750 sq ft including $200K of design/build-out in one of the highest traffic count/household income shopping centers in OK
Only competition over 10 miles away
Growth & Expansion:
Looking to develop an ecommerce website(none to date) and social media marketing program. Growth in this retail space has been huge over last 5 yrs with Food Network programming awareness a key driver!
NEW PRICE!Own Kitchen/Cookware Biz $800K sales w/$180K net!
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