Listing ID: 71541
Full-service ski shop that has been servicing customers throughout Southern Massachusetts & Rhode Island for many years.
Highly experienced and tenured employees in place.
Strong brand name, positive reviews, and a reputation for providing top-notch customer service.
The Company has been on a growth trend the past five years with their best year in 2020!
- Asking Price: $200,000
- Cash Flow: $122,416
- Gross Revenue: $1,127,146
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $100,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The Company is headquartered in a high traffic location in Southern Massachusetts. The shop consists of a showroom, office space, a workshop and storage areas.
As needed for a smooth transition.
Numerous opportunities for growth such as expanding leased equipment, diversifying product portfolio and increasing marketing efforts.
The deal shall not include inventory valued at $100,000*, which ins't included in the requested price.
The company has 7 FT - 16-PT employees and resides in a building with disclosed square footage of N/A sq ft.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 entirely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is really important that you not rely entirely on a seller's word, however instead, utilize the seller's response along with your total due diligence. This will repaint a much more reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that revenue margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to 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 must be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new clients? Often times, companies have repeat clients, which create the core of their everyday revenues. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, and employee turn over can impact repeat clients and also adversely influence future earnings. One crucial thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the opportunity to develop a returning customer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Just how might the local typical household income impact future revenue prospects?