Listing ID: 66886
Business Overview
SBA Pre-qualified 7(a). Full-service marketing and sponsorship agency that assists businesses and brands grow in the motorsports industry. The company uses new-age campaigns to capitalize on the explosive growth opportunities within this market. An endless clientele exists, including drivers and teams in NASCAR, NHRA and many more in the domestic and global marketplace. It is a $6 billion a year market and an opportunity to purchase a company that has already made its footprint with open door access to this lucrative space. Entrepreneurs with vision, advertising and marketing skills, and the ability to recognize and articulate return-on-investment opportunities to sponsors would be able to grow this business exponentially. This business can be successfully operated/based anywhere in the U.S. or abroad. An NDA is required to receive additional information on this unique opportunity.
Financial
- Asking Price: $525,000
- Cash Flow: $163,071
- Gross Revenue: $263,006
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The business can be run from anywhere.
Negotiable based on buyer needs.
Other business interests.
Pre-qualified for SBA 7(a). Contact broker for details.
Additional Info
The company was started in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. However, the true reason and the one they say to you might be 2 totally different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a variety of various other reasons. This is why it is extremely important that you not count absolutely on a seller's word, but rather, make use of the vendor's response combined with your overall due diligence. This will paint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover points such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that profit margins are too small. Numerous companies fall under a revolving door of taking loans as a way to pay back various 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 vendors that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which form the core of their everyday profits. Particular elements such as new competitors growing up around the location, roadway building, as well as personnel turn over can influence repeat consumers and also negatively influence future revenues. One crucial point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood median home earnings influence future earnings prospects?
