Listing ID: 6561

Business Overview

2 outstanding New Orleans retail pralines bakery stores with verifiable annual income of $960,429.00.This is an incredible opportunity to own 2 extraordinary Praline stores in New Orleans, where Pralines are extremely popular. Orders are shipped all over the world from these two locations. The company is starting to franchise all future stores and will sell these two popular stores as Franchised units.

Financial

  • Asking Price: $350,000
  • Cash Flow: $150,000
  • Gross Revenue: $960,429
  • EBITDA: $
  • FF&E: $124,000
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2008

Detailed Information

  • Building Square Footage:3,500 Sq Ft
  • Furniture, Fixtures and Equipment:$124,000
About The Facility:

The facilities for the East Bank Store includes the retail bakery, warehouse and a delivery box truck. The AC is new and all equipment is in excellent condition. The West Bank store includes the retail bakery store only and the AC at this location is new also.Each facility is 1500 square feet. (Home Based)

Is Support & Training Included:

The seller offers continuous support and training from the Corporate franchise.

Purpose For Selling:

Seller will be franchising all new retail stores and no company owned

Pros and Cons:

The competition is keen in New Orleans since the area is known worldwide for Pralines. It is the seller's opinion that the more competition only helps in the sale of the products.

Addition Info

The venture was started in 2008, making the business 12 years old.
The sale doesn't include inventory valued at $20,000*, which ins't included in the asking price.

Also, Furniture, fixtures and equipment valued at $124,000 will be included in the listing price.
The business has 9 employees and resides in a building with disclosed square footage of 3,500 sq ft.
The real estate is leased by the business for $3,700 /Month

3 Things to Consider When Researching companies for sale in Orleans County - New Orleans, Louisiana

Buying a company is one of the greatest decisions you will certainly make in your lifetime. Choosing intelligently can cause incredible economic advantages for you, your loved ones, and your retirement. However, in order to make an appropriate decision, you need to think about a number of things.|In order to make a correct choice, you should consider numerous things.} Below are 3 important items to think about before purchasing a company in Orleans County - New Orleans, Louisiana.

Why is the Current Owner Selling The Business?

{There are all sorts of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine reason vs the one they say to you might be 2 absolutely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a range of various other reasons. This is why it is extremely essential that you not rely completely on a vendor's word, but rather, use the seller's response along with your general due diligence. This will repaint a more reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Remember that in some cases this can indicate that profit margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or may cause penalties if canceled early.

Understand the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the Orleans County - New Orleans, Louisiana location bring in brand-new customers? Most times, operating businesses have repeat customers, which develop the core of their daily earnings. Certain elements such as brand-new competition growing up around the location, roadway building and construction, and also personnel turnover can affect repeat consumers and also adversely impact future revenues. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the local average home income impact future earnings potential?