Listing ID: 64347
Approximately 11 acres of real estate on major highway with considerable frontage in Gulf Breeze sunny Florida including 230 RV/BOAT storage spaces with 230 current users at $40/average or more per space. Mostly filled up and owner working currently to provide additional spaces. Owner may consider including other valuable assets in negotiations to the right investor. REAL ESTATE INCLUDED…Caterpillar loader and other items also included to assist in clearing land for basic maintenance. CONTACT: Rob Sproles at 850-341-3863 email: firstname.lastname@example.org
- Asking Price: $3,500,000
- Cash Flow: N/A
- Gross Revenue: $110,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
11 acres major highway real estate with considerable frontage footage. Including great revenue from RV/boat storage with 230 spaces fills over $40 average per space. REAL ESTATE ACREAGE INCLUDED.
The business was founded in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the true reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is very important that you not depend entirely on a seller's word, however instead, utilize the seller's solution together with your overall due diligence. This will repaint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that earnings margins are too small. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new customers? Often times, businesses have repeat customers, which form the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the area, roadway construction, and personnel turn over can impact repeat consumers as well as adversely affect future incomes. One essential thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the local average house income influence future earnings potential?