Business Overview

This is Turn Key, Well- Established business with same owner for more than 25 years. This place has clientele coming here for years. Only reason for sale is retirement of owner. This business is priced to sale this will not last long in market.

Financial

  • Asking Price: $90,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1996

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:859
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner will train

Purpose For Selling:

Retiring

Additional Info

The company was founded in 1996, making the business 26 years old.

The business has 1 P/T employees and is situated in a building with disclosed square footage of 859 sq ft.
The building is leased by the business for $2,665 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. Nonetheless, the real reason vs the one they say to you might be 2 entirely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is really crucial that you not count absolutely on a vendor's word, yet instead, utilize the vendor's answer combined with your overall due diligence. This will paint a much more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too tight. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract new customers? Most times, operating businesses have repeat clients, which form the core of their daily revenues. Specific variables such as new competition sprouting up around the area, road construction, as well as personnel turnover can impact repeat customers and adversely affect future revenues. One crucial point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the opportunity to construct a returning consumer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the local average house income effect future earnings potential?