Listing ID: 72686
Growing deep fishing downrigger weights manufacture looking for a new owner with more energy to fill the ongoing orders. What has started as a hobby is now a full-fledged business and the owners are ready to retire. Business can be home-based and includes numerous mold sizes to fill orders for national retailers. The product will never rust with a special coating. Owners will train and help new owners succeed. Must be comfortable working with lead-based products. This business services fishing enthusiasts everywhere! SA10625
- Asking Price: $199,000
- Cash Flow: $55,249
- Gross Revenue: $109,622
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Hours, 2 days a week SBA approved
2 weeks, 15 hours per week
Retirement - Go Fishing
The company was established in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 totally different things. As an example, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of other reasons. This is why it is really vital that you not depend completely on a vendor's word, yet instead, make use of the vendor's solution in conjunction with your overall due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that revenue margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific factors such as brand-new competition growing up around the area, roadway building and construction, as well as personnel turnover can influence repeat consumers and negatively affect future incomes. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional typical family earnings impact future earnings potential?