Listing ID: 70269

Business Overview

Comic books and memorabilia, Super Heros, collectables

Owner started this lucrative business by attending Flea Markets in 2000 then opened his own Flea Market in 2003 until moving into current location in 2010. The comic book and collectible portion grew into its current state and location.

No competitors within a two hour radius.

Poised for growth after the COVID PANDEMIC. Revenues and profits are climbing.

Financial

  • Asking Price: $389,000
  • Cash Flow: $62,069
  • Gross Revenue: $517,886
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $262,000
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,400
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

other interests

Additional Info

The company was established in 2004, making the business 18 years old.
The deal will include inventory valued at $262,000, which is included in the suggested price.

The company has 1 employees and resides in a building with estimated square footage of 5,400 sq ft.
The property is leased by the company for $3,408 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell businesses. Nonetheless, the real reason and the one they tell you might be 2 completely different things. As an example, they may claim "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a range of various other reasons. This is why it is really essential that you not depend completely on a seller's word, however rather, make use of the seller's solution together with your overall due diligence. This will repaint a much more practical image of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover things like supplies, payroll, accounts payable, etc. Remember that in some cases this can indicate that profit margins are too thin. Numerous businesses come under 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 may have existing agreements with vendors that have to be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new consumers? Often times, businesses have repeat consumers, which form the core of their everyday earnings. Specific aspects such as new competitors growing up around the area, roadway construction, as well as staff turn over can affect repeat clients and adversely impact future revenues. One essential thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the local typical household earnings impact future earnings potential?