Business Overview

This is a store/showroom in the growing Puget Sound area specializing in kitchen cabinetry, bathroom vanities, soaking tubs, shower doors, and more. Products are high quality, on trend, and ready to go out the door.

Financial

  • Asking Price: $600,000
  • Cash Flow: $175,000
  • Gross Revenue: $600,000
  • EBITDA: N/A
  • FF&E: $5,000
  • Inventory: $350,000
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • 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
About The Facility:

Located in a strip mall along a busy major highway.

Is Support & Training Included:

As needed and agreed upon.

Purpose For Selling:

Moving out of state

Additional Info

The venture was established in 2020, making the business 2 years old.
The deal shall not include inventory valued at $350,000*, which ins't included in the listing price.

The company has 1 employees and is located in a building with estimated square footage of 4,000 sq ft.
The real estate is leased by the business for $7,250 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. Nonetheless, the genuine reason vs the one they tell you might be 2 totally different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is very essential that you not depend absolutely on a seller's word, yet instead, make use of the seller's response combined with your general due diligence. This will paint a more sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new clients? Many times, operating businesses have repeat clients, which form the core of their daily profits. Particular elements such as brand-new competition growing up around the area, roadway building and construction, and also staff turnover can influence repeat customers as well as negatively impact future revenues. One crucial point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the chance to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the local median household earnings effect future revenue potential?