Listing ID: 66844
Business Overview
The business has great reviews and has more business than the current staff can handle. Currently a 2-3-week wait.
Business is being offered at a great discount. All transactions are not being accounted for in financial statements.
Owner/operator stopped running the business due to a sudden medical condition. Employees are currently running the business. Adding a mechanic owner/operator can restore revenue to levels before the seller was forced to leave the business.
Financial
- Asking Price: $180,000
- Cash Flow: $127,168
- Gross Revenue: $484,728
- EBITDA: N/A
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: Yes
- Established: 1997
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
health
Additional Info
The venture was founded in 1997, making the business 25 years old.
The deal will include inventory valued at $5,000, which is included in the asking price.
The company has 3 employees and resides in a building with approx. square footage of 3,000 sq ft.
The real estate is leased by the company for $3,858.85 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nonetheless, the real reason and the one they say to you may be 2 totally different things. For instance, they might state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, current reduction in profits, or a range of various other factors. This is why it is very important that you not rely completely on a vendor's word, however rather, use the seller's answer together with your general due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover things like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that earnings margins are too thin. Many organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain variables such as brand-new competitors growing up around the area, road construction, and also staff turnover can affect repeat clients and also negatively affect future revenues. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the chance to construct a returning consumer base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the regional mean home income influence future earnings potential?
