Business Overview

Prime Tillamook County Commercial Real Estate and Business Opportunity; Tillamook RV Repair & Sales, a 25 year, highly regarded business along Hwy 101. Seller and staff would stay on with operation for years to come, as desired. Purchase also includes the recently completed ”Field of Dreams RV Storage” featuring 25 units; 45′ deep and 14′ wide, heated & fully secured. 3.04 acres of land on Hwy 101 immediately adjacent to the Famous Tillamook Creamery. 37,600 SF of buildings, including caretaker manufactured home, see documents for details. Location features over 420 feet of highly visible Hwy 101 (Pacific Coast Scenic Byway) frontage and great signage. Purchase includes 8,625 SF lease to the popular Habitat for Humanity Restore, provides Tax Credit Reduction.

Financial

  • Asking Price: $3,250,000
  • 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:37,650
  • 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 sorts of reasons why individuals decide to sell companies. Nonetheless, the true factor vs the one they say to you might be 2 absolutely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not depend totally on a seller's word, yet instead, make use of the vendor's answer along with your overall due diligence. This will repaint an extra reasonable picture of the business's existing scenario.

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 offer. Many operating businesses take out loans in order to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too small. Many companies 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 commitments 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 need to be met or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new customers? Often times, operating businesses have repeat clients, which form the core of their daily earnings. Certain variables such as new competition growing up around the area, roadway building and construction, as well as employee turn over can affect repeat customers and adversely impact future incomes. One essential point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the better the chance to construct a returning customer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the regional typical house income influence future earnings prospects?