Business Overview

Growing RAPIDLY over the last 5 years, this fast growing skateboarding shop is simply a ONE-OF-A-KIND Opportunity. Current owner is on to another opportunity only after putting a COMPLETE MANAGEMENT TEAM IN PLACE. PERFECT EXPANSION OPPORTUNITY FOR THE RIGHT BUYER. This particular SKATE SHOP has a cult-like following in the city.

Perfect buyer would have a solid track record of success in either SELLING SKATEBOARDS & APPAREL or be in the ACTION SPORTS INDUSTRY, BUT IS NOT NECESSARY!!! Continued Explosive Growth is expected long into the future. Must sign deal specific NDA, have an initial conversation with deal maker, Michael D. Rubin and then the top 3 buyers will meet seller for in-depth discussions.

SERIOUS STRATEGIC BUYERS ONLY—-PLEASE CALL MR. RUBIN @ 855.637.2776 AFTER SIGNING NDA!!!

Financial

  • Asking Price: $795,000
  • Cash Flow: $240,000
  • Gross Revenue: $1,750,000
  • EBITDA: $240,000
  • FF&E: $25,000
  • Inventory: $280,000
  • Inventory Included: N/A
  • Established: 2016

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:14
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Current shop is in fairly new facility specifically built to sell and service skateboards and other skate apparel. Retail shop is over 5000 sq ft and would be a good template to expand to other locations!

Is Support & Training Included:

Current owner will stay up to as long as it takes to insure smooth transition to new ownership. Complete management staff is in place to assist new owner with all aspects of running this high volume skate shop!

Purpose For Selling:

Management in Place & Current Majority Owner needs to move on!!!

Pros and Cons:

Very little competition within 200 miles of the shop location!!!

Opportunities and Growth:

This successful shop is poised to continue to dominate the current market and could easily expand to other untapped skateboard markets. Less than 10% of sales come from Online, huge opportunity to grow this area and they are just getting started with email marketing and loyalty programs!

Additional Info

The company was started in 2016, making the business 6 years old.
The transaction shall not include inventory valued at $280,000*, which ins't included in the requested price.

The business has 14 employees and is located in a building with disclosed square footage of 5,000 sq ft.
The real estate is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell operating businesses. However, the genuine reason and the one they tell you may be 2 completely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in profits, or a range of various other factors. This is why it is very vital that you not count totally on a seller's word, but instead, utilize the vendor's answer along with your overall due diligence. This will repaint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can suggest that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new consumers? Often times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific factors such as new competition sprouting up around the area, road building and construction, as well as employee turnover can impact repeat clients and also negatively impact future profits. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the higher the possibility to develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the regional average house income impact future income potential?