Business Overview

This profitable and award-winning sailing school and club, based in the Puget Sound area, provides education, sailboat rentals, and local and international excursions.

Financial

  • Asking Price: $900,000
  • Cash Flow: $375,000
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: $100,000
  • Inventory: $2,000
  • Inventory Included: N/A
  • Established: 1985

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:300
  • Lot Size:N/A
  • Total Number of Employees:12
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

A leased 300 square foot office, plus seven marina slips.

Is Support & Training Included:

As needed and agreed upon.

Purpose For Selling:

Retirement

Pros and Cons:

There are competitors, but without the same breadth of coverage and superior locations.

Opportunities and Growth:

There is a plan in place to increase the classes by 50% next year with the addition of a new teaching boat.

Additional Info

The company was started in 1985, making the business 37 years old.
The transaction doesn't include inventory valued at $2,000*, which ins't included in the requested price.

The company has 12 employees and resides in a building with estimated square footage of 300 sq ft.
The real estate is leased by the business for $350 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or a range of other factors. This is why it is very important that you not count completely on a vendor's word, yet rather, utilize the vendor's response together with your total due diligence. This will repaint an extra sensible image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract brand-new consumers? Many times, operating businesses have repeat customers, which form the core of their daily earnings. Certain aspects such as new competition growing up around the location, roadway construction, and also staff turnover can affect repeat customers and negatively influence future incomes. One essential thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the higher the chance to build a returning consumer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local typical home earnings impact future earnings potential?