Listing ID: 71526
Award-Winning hospitality company that has been servicing a wide variety of customers throughout Southern New England for many years.
Well diversified customer base and recurring revenue streams in place.
Strong brand name and reputation for providing exceptional services at reasonable prices.
Long-standing relationships with numerous complimentary hospitality companies.
- Asking Price: $2,800,000
- Cash Flow: $781,352
- Gross Revenue: $5,498,248
- EBITDA: N/A
- FF&E: $650,000
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:30
- Furniture, Fixtures and Equipment:N/A
The Company has a large facility consisting of warehouse, office space, production/prep areas and storage areas. There is ample parking on-site for company vehicles and the facility is located in proximity to major highways.
As needed for a smooth transition.
Numerous growth opportunities such as increasing sales/marketing efforts, expanding relationships with additional venues, and added focus on growing profitable segments of the business.
The company has 30+ employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nonetheless, the true reason and the one they tell you might be 2 totally different things. As an example, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is extremely essential that you not rely totally on a vendor's word, yet instead, make use of the seller's solution combined with your overall due diligence. This will paint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too thin. Numerous businesses fall 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 obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new customers? Many times, operating businesses have repeat clients, which develop the core of their daily revenues. Certain elements such as brand-new competition sprouting up around the area, roadway building, and staff turn over can affect repeat clients and adversely impact future profits. One essential thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the opportunity to develop a returning client base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean house earnings influence future income potential?