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BUSINESS FOR SALE - PROFILE #  16-2785SLACT

Smoothie and Juice Bar
Sarasota County

Asking Price: $150,000   Down Payment: $100,000  
Gross Revenue: $519,572   Adj. Cash Flow*: $98,210  
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Executive Summary

MOTIVATED SELLER WANTS TO SPEND TIME WITH SMALL CHILD! This "Fresh Fruit" Smoothie business was established in 2005 with the addition of a real fruit juice bar added in later years. A great fit for a buyer who wants to own a family oriented, community based, health related business which is in an industry of continued growth and public awareness. Located in an active high traffic shopping centers with great visibility. Great future potential to add-on multi-units, if desired. Business blends a full array of smoothies and fresh juices and carries light food items that are very popular with its growing base of health-conscious customers. Patrons range from children to the elderly who enjoy the upbeat, upscale atmosphere. A 2000+ email fan club. Wireless connection is available for customers to sit comfortably while working or surfing the net. Seller has an established and well received fundraising program, with area schools, sports programs and other organizations. Owner has been cutting back over the last few years. As of June 2017, by choice; seller dramatically cut hours from 83 hours to 48 both in AM and PM and fully admits cutting back has reduced revenue and net income.  It has been suggested in addition to requests by customers, new owner may want to resume former schedule to increase revenue and build off premise program revenue. In addition, hurricane Irma had a negative impact on September 2017 sales revenue and created additional expenses including new A/C. Owner has been working full time since February 2018, but historically when operating more hours; had management in place and worked much less enjoying a six figure owner income. This system could be re-established. Seller will thoroughly train after the sale new ownership and any additional management team  how to operate business. Excellent financials ready through 2017 IRS and August 2018 for a thorough due diligence. Excellent potential for E-2 Visa candidates and/ or Veterans returning to private industry.    

Acquisition Highlights

  • Seller reduced by choice the hours from 83 to 45 in of June of 2017. New owner may want to resume formal schedule to increase revenue and acknowledge customers requests.
  • Financials have been performed with tax saving strategies. Seller to prove catering revenue. Hurricane Irma had a negative impact on September revenue and created an increase in expenses.
  • Located in an active shopping center with anchor tenants and directly across the street from two major employers.
  • Financing Information:  Seller financing to qualified buyer.
  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2005 Inventory: $5,000 Included
Employees: 8 PT Furniture, Fixtures & Equipment: $80,000 Included
Lease/Rent: $3,982 Real Estate:
Building Sq Ft: 1400
    Total Assets Included in Sale: $85,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Stacy Alario
Phone:  (941) 957-1414
Fax:  (941) 296-7486
E-mail:  stacyalario@aol.com
American Business Brokerage, Inc.
3205 Southgate Circle
Suite 20
Sarasota, FL 34239
americanbusinessbrokerage.org
The above company and/or agent is a licensed real estate broker/and or a business broker.
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