Listing ID: 71249
Turn-key, reputable Myrtle Beach business established in the 1970’s is looking for a new owner due to retirement. Accepting reasonable cash offers. The owner works at this part time and you could double your income if you work this full time.
The current owner maintains an office in the space so if you want to work remotely, you could rent that room along with the others in the suite. Use the office skills you enjoy most offering resume composition and word processing work for individuals. For businesses, fulfill their office needs from your office by offering word processing, book editing, consulting, typing contracts, consulting, etc. Offer bookkeeping if you wish. Make easy money from virtual office mail management.
The sale includes furniture and decor in several offices that are sub-letted, in the reception area, in the kitchen, and includes two weeks of training in resume composition and office skills. It also includes copies of a large number of completed resumes.
Enjoy a low stress work day on your own terms. Call now before it’s too late. (843)-309-3031
- Asking Price: $39,000
- Cash Flow: $29,778
- Gross Revenue: $40,518
- EBITDA: N/A
- FF&E: $8,000
- Inventory: $250
- Inventory Included: Yes
- Established: N/A
The sale will include inventory valued at $250, which is included in the listing price.
The building is leased by the company for $550 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. However, the true reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is extremely essential that you not count completely on a vendor's word, yet rather, utilize the seller's response in conjunction with your overall due diligence. This will repaint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too thin. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with 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 suppliers that should be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new customers? Often times, businesses have repeat clients, which create the core of their daily earnings. Certain variables such as brand-new competitors growing up around the location, roadway building, as well as employee turnover can influence repeat clients and also adversely impact future earnings. One vital thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business regularly, the better the possibility to construct a returning customer base. A last idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? How might the regional average home earnings impact future earnings potential?