Listing ID: 70296

Business Overview

Two profitable businesses with fantastic exposure and frontage on the south side of I-90. I-90 Cold Storage (17,000 SF) is a simple, profitable operation with contracts in place for truck and trailer parking, cross-docking, freezer and cooler storage. Currently servicing 5 food service distributors year round, as well as a contract for ice storage from April through July for the rally. Freezer/cooler is 50-100% occupied throughout the year – 100% occupied for 4-5 months of the year, significant growth opportunity with addition of year-round tenants. Smoking Gun (9,000 SF) is a state-of-the-art shooting range and training center offering twelve 30-yard shooting lanes with high-tech consoles, memberships, classes, gun and ammunition sales. Capacity for handgun and rifle practice. Open 7 days a week, 2 full-time and 6 part-time employees, $150,000 in inventory, and currently 225 members.

Financial

  • Asking Price: $2,995,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

17,000 SF Freezer/Cooler Distribution Center & 9,000 SF Gun Range

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they may say "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, but rather, utilize the seller's solution together with your general due diligence. This will repaint a much more reasonable picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in new customers? Many times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular aspects such as new competitors growing up around the area, roadway building, and employee turn over can affect repeat clients and negatively impact future earnings. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the chance to build a returning customer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood mean family income influence future revenue prospects?