Listing ID: 66593
Founded in 1994 and owned by the current owners since 2008, the Company’s products and services help their customers blast, sand, grind and much more! The company sells and provides advice on abrasive equipment, media and supplies. Buffing and polishing equipment and supplies, vibratory tumbling equipment and supplies, replacement parts for equipment, sanding disks and belts, wire wheels, cutting disks and other related equipment and supplies.
- Asking Price: $391,000
- Cash Flow: $120,985
- Gross Revenue: $795,167
- EBITDA: N/A
- FF&E: $29,264
- Inventory: $136,219
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Situated in a centrally located commercial district of the region it serves the company's 4,000 sq. ft. leased facility houses the Company's retail space, office space and warehouse space. There is ample customer parking in the front of the building and an easily accessible roll up door in the warehouse for product pick up and delivery.
Will train for 2 weeks @ $0 cost. Washington State Business License required.
The Company has no competitors within their immediate market. The nearest competitors are over 200 miles from the Company's location.
The Company has experienced steady growth throughout its existence. The potential for sustaining and enhancing the Company's growth curve exists in developing and implementing an ongoing marketing strategy integrating direct mail, social media and regular communication with the 3,600 customers the Company currently has in its Point Of Sale database.
The company was started in 1994, making the business 28 years old.
The transaction shall include inventory valued at $136,219, which is included in the asking price.
The business has 1 FT employees and resides in a building with approx. square footage of 4,000 sq ft.
The real estate is leased by the company for $1,342 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in incomes, or a variety of other factors. This is why it is very essential that you not count totally on a seller's word, however instead, utilize the seller's response combined with your total due diligence. This will repaint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover points like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new clients? Often times, companies have repeat clients, which create the core of their day-to-day profits. Specific variables such as brand-new competition growing up around the location, road construction, and also employee turn over can impact repeat consumers and also negatively influence future profits. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood median house earnings impact future income prospects?