Business Overview

Great Location
Newly Equipped
Well maintained and Operated for 16 years

CLEANERS FOR SALE – Main Store and Pick up Location!

List Price: $450,000

Financial

  • Asking Price: $450,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. Nevertheless, the genuine factor and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or an array of various other reasons. This is why it is really vital that you not depend entirely on a seller's word, yet instead, make use of the seller's answer combined with your general due diligence. This will repaint a much more reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday profits. Particular variables such as brand-new competition sprouting up around the area, road building, and also employee turn over can influence repeat customers and adversely affect future profits. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the higher the opportunity to build a returning consumer base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood mean house earnings influence future revenue potential?