Business Overview

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 1505 Stafford Rd., Fall River showroom. More information will be given to interested parties upon signing non disclosure agreement.

Financial

  • 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

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:3,480
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. However, the genuine factor and the one they tell you might be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or a range of other factors. This is why it is extremely essential that you not rely entirely on a vendor's word, yet rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too thin. Many organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract new consumers? Often times, businesses have repeat clients, which form the core of their daily profits. Specific elements such as new competitors sprouting up around the location, road building and construction, and also employee turn over can influence repeat customers and adversely influence future revenues. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the chance to construct a returning customer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? How might the local mean home income effect future income prospects?