Listing ID: 64346
Summary Description: An investment opportunity with over 5 acres of VERY prime real estate (INCLUDED IN PRICE) that includes numerous profitable businesses. New financials have been shown to have greatly improved on these businesses.The real estate alone has MAJOR road frontage of 330 feet located on an extremely high profile boulevard. Traffic count provides tremendous advertising exposure to any business.
Also provides 14,228 square feet of building structures that includes multiple office space and upstairs fully furnished apartment living quarters.
Real estate alone is valued at $3,000,000+ (INCLUDED) which would be a high profile location for numerous considerations. Great location with high frontage exposure, ample acreage, multiple profitable and unique businesses and close to interstate and airport.
NOTE: Owner would consider selling just the property for $3,000,000 and liquidating businesses. GREAT PRIME PROPERTY FOR MANY USES. OWNER SAID TO BRING HIM AN OFFER FROM PERSON/COMPANY WHO CAN BENEFIT FROM POTENTIALLY DEVELOPING THIS HARD TO FIND SITE.
Unusual opportunity NOW available. ALL INQUIRIES CONTACT: Rob Sproles (cell) 850-341-3863 (email) email@example.com.
Reason Selling: Original owner retiring
Please Note: NDA (nondisclosure) form IS required for further information. And
Personal Financial Statement (PFS) MAY be required.
- Asking Price: $5,000,000
- Cash Flow: $430,500
- Gross Revenue: $2,544,439
- EBITDA: N/A
- FF&E: $343,933
- Inventory: $200,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:14,228
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
GREAT LOCATION IN CAR CITY ON PRIME BOULEVARD. FRONTAGE IS 330 SQ.FT. VERY HIGH TRAFFIC COUNT. CLOSE TO EVERYTHING INCLUDING INTERSTATE AND AIRPORT.
Owner will assist. This to be negotiated.
Original owner retiring
Unique profitable niche businesses
The business was established in 2013, making the business 9 years old.
The deal shall include inventory valued at $200,000, which is included in the requested price.
The company has 6FT/5PT employees and resides in a building with estimated square footage of 14,228 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the true factor vs the one they tell you may be 2 completely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in profits, or a variety of various other factors. This is why it is very crucial that you not depend entirely on a seller's word, but instead, make use of the seller's answer combined with your general due diligence. This will repaint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise 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 suppliers that should be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new customers? Most times, businesses have repeat customers, which form the core of their day-to-day earnings. Particular factors such as new competition growing up around the location, road building and construction, as well as personnel turn over can affect repeat clients as well as adversely impact future incomes. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the opportunity to build a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Just how might the neighborhood typical home income influence future earnings potential?