Business Overview

Precious Metals Buyer. Gold, silver, diamond ,ASSET SALE Owner has other business interests, Totally new buildout, fixtures, equipment all less then 14 months old. State of the art security system. Great location, busy street, 6700 cars pass weekly. Attractive lease in place. Incredible growth potential. Store location, design layout, is a knockout for new ownership. Turn key operation. Open the doors and start making money!!!
No competition in the local area, local is at busy intersection, car count exceeds 6700 weekly. Area is well suited for above average clients.

Extent hour of operation, Advertise, social media, etc, currently no advertising is being done.

First floor walk in directly from parking lot.

Financial

  • Asking Price: $50,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $49,000
  • Inventory: $35,000
  • Inventory Included: Yes
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

retirement

Additional Info

The business was established in 2020, making the business 2 years old.
The sale shall include inventory valued at $35,000, which is included in the requested price.

The company has 1 employees and is located in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the business for $1,625 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. Nevertheless, the real reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of other reasons. This is why it is very essential that you not count absolutely on a vendor's word, yet rather, use the vendor's response along with your overall due diligence. This will paint a more practical image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new clients? Often times, businesses have repeat consumers, which form the core of their everyday profits. Specific aspects such as brand-new competition sprouting up around the location, road building, and also personnel turnover can impact repeat clients and also negatively impact future revenues. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood average house income effect future income potential?