Listing ID: 69856
Relocatable | Steady Earnings | Residential and Office Servicing
This is a local aquarium maintenance and service provider to the Northwest Arkansas region. This business leases out full aquarium kits, accessories, livestock and provides monthly services of maintenance and proper care for residential and commercial office clientele. They can provide every aspect of a stunning aquarium and service those tanks under one roof. Currently this business is being owner-operated and is relocatable as it’s a home-based business primed for growth.
This profitable aquarium service and rental business has a 15+ year track record in the thriving region of Northwest Arkansas. Producing over $60,000 this year in SDE (Seller’s Discretionary Earnings), even though the owner is ready to retire. The Saltwater Aquarium market has not been heavily addressed by the current owner and could be an opportunity to expand into.
With the health of the current owner being the reason for this sale, a quick sale is required. To learn more about this business contact John Green or CBI Northwest Arkansas for more details.
- Asking Price: $130,000
- Cash Flow: $59,343
- Gross Revenue: $75,236
- EBITDA: N/A
- FF&E: $38,887
- Inventory: $1,290
- Inventory Included: Yes
- Established: N/A
The deal shall include inventory valued at $1,290, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. However, the true factor vs the one they tell you might be 2 totally different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to try to hide the reality of altering demographics, increased competitors, recent reduction in incomes, or an array of various other factors. This is why it is extremely crucial that you not rely entirely on a seller's word, however rather, use the seller's solution together with your general due diligence. This will paint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new clients? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Specific aspects such as new competitors growing up around the area, road building, and staff turn over can influence repeat consumers and adversely affect 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? Undoubtedly, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Exactly how might the local median house earnings effect future earnings prospects?