Listing ID: 71325
REX Monuments serving the communities of Massachusetts and Rhode Island since 1892. The most experienced and dependable monument business in the area. Will design the ideal memorial for you and your loved ones. Sale includes buildings, business and all equipment. Brand new dust collector system, brand new 4 ton compressor, 2004 (7 ton) International truck with hoist, blasting machine and all equipment related to business including computers. Package deal with 184 Dartmouth St., New Bedford manufacturing and showroom. More information will be given to interested parties upon signing non disclosure agreement.
- Asking Price: $785,000
- 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
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell businesses. However, the real reason vs the one they say to you may be 2 absolutely different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of other factors. This is why it is very vital that you not count completely on a seller's word, however instead, make use of the vendor's response in conjunction with your overall due diligence. This will paint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new consumers? Many times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific elements such as brand-new competitors growing up around the location, roadway building and construction, as well as employee turnover can affect repeat consumers and also adversely affect future revenues. One important point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the regional average house income effect future income potential?