Location: Springfield, Missouri
Industry: Food and Related Products
Listing ID: 42500017
Listing Status: New
Highlights of Business
Business is well established, steadily growing each year, and nicely profitable
Sales are up substantially this year over last year
Owners only work 3 ½ days each week – Monday through Thursday morning - about 32-35 hours each per week
Business employs only 1 part-time employee
There is very substantial upside potential
Virtually no inventory is required
Clean books and records
Sellers will train
Business qualifies for SBA financing, which means lower down payment and longer terms
Seller will sign a non-compete agreement
The sellers of this relatively easy to operate business started it in 2006. They have hundreds of customers in their database, and sell their products to an average of 175 customers each week. The quality of the company's products results in a great deal of customer loyalty. Some of the business' customers have purchased products from it for 15 years.
The sellers of this business are representing that the Discretionary Earnings (also known as Normalized Cash Flow or Total Owner Benefit) of the business was $96,896 for 2021 and that they can prove it to a buyer and their accountant’s satisfaction. That amount is after deducting the estimated replacement cost for one of the two owners!
The Discretionary Earnings is the amount which a buyer would have had available to pay themselves a salary and service the debt from purchasing the business, had they owned the business that year and operated it no better nor worse than did the seller.
This is a well-run business with good profitability, and which is priced attractively, so it will sell quickly. Buyers who believe it might be a possible fit for them should not delay in taking the next step, which is to arrange to receive the full confidential information package on the business. Call Jerry Myers at (417) 581-8887 today.
Down Payment: $21,700
Total Sales: $345,038
Cash Flow: $96,896
Accounts Receivable: N/A
Non-Owner Payroll: N/A
Real Estate: N/A
Monthly Rent: N/A