Listing ID: 69872
Business Overview
Located in the Central U.S. Heartland
Unique Real Estate development opportunity. Currently a very profitable outdoor recreational business located in the Central Heartland of the United States. Here is a great opportunity to purchase a strong annual cash flow and/or develop existing property (56-70 acres, additional 14 acres available) as a large commercial or residential site that is located in a thriving growth area of the Midwest United States.
This business offers a variety of outdoor activities for most ages as well as their highly profitable indoor sales area with even more room for additional growth and income.
This location is within walking distance of a major university. It is also located on one of the main highways and areas of the city with easy access to interstates, restaurants and shopping. Customers drive from a wide area to recreate in this city that fits the “live, work, play” model perfectly.
Land and all buildings are being sold with the business. Open 7 days a week 9:00am – 9:00pm during peak seasons.
This opportunity won’t last long contact me for more details today!
Financial
- Asking Price: $3,899,000
- Cash Flow: $248,211
- Gross Revenue: $1,004,280
- EBITDA: N/A
- FF&E: $177,835
- Inventory: $90,000
- Inventory Included: Yes
- Established: 1992
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Retirement
Additional Info
The company was started in 1992, making the business 30 years old.
The transaction shall include inventory valued at $90,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have 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 conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is very essential that you not rely entirely on a seller's word, but instead, utilize the vendor's solution combined with your total due diligence. This will repaint a much more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that profit margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new customers? Most times, operating businesses have repeat consumers, which form the core of their daily revenues. Certain aspects such as new competition growing up around the area, road building and construction, and also employee turn over can affect repeat customers and also negatively influence future earnings. One important point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the greater the possibility to build a returning consumer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the local typical family earnings effect future earnings prospects?
