Listing ID: 64328
This business can be run from anywhere in North America with high speed internet. Service existing b2b clients in a business that produces residual income every 4 weeks. Proceeds direct deposited every other Thursday. Great business to work from home during covid. Owners retiring after 28 years. Owner financing available.
- Asking Price: $175,000
- Cash Flow: $60,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1993
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Work from home. All that is needed is a laptop and high speed internet. (Home Based)
Owner will stay on 30- 90 days to assist. Exact time period is negotiable
This Business Is Home Based
The business was started in 1993, making the business 29 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. However, the true reason vs the one they tell you may be 2 entirely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or a variety of other reasons. This is why it is extremely vital that you not depend absolutely on a vendor's word, but rather, use the vendor's solution along with your overall due diligence. This will paint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover items like supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new consumers? Most times, operating businesses have repeat clients, which form the core of their everyday revenues. Particular elements such as brand-new competitors sprouting up around the location, roadway construction, as well as personnel turnover can affect repeat consumers and also negatively affect future incomes. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood median family income effect future income potential?