Listing ID: 72730
SBA Loan Pre-Qualified with 10% Equity.
Wonderful family-owned full-service and factory-authorized dealership with a complete line of the best brand named lines of all-season motorsports from tracks, two-wheels, and four-wheels.
– Dirt Bikes
Accessories and comprehensive servicing is located onsite.
Well-respected as the best in the business
World-class Google and Yelp Reviews
Strong growth trends and future trends are strong.
Seller owns the real estate and is open to selling the building.
- Asking Price: $895,000
- Cash Flow: $384,202
- Gross Revenue: $2,955,917
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $160,000
- Inventory Included: Yes
- 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:5
- Furniture, Fixtures and Equipment:N/A
The transaction shall include inventory valued at $160,000, which is included in the suggested price.
The company has 5 employees and is situated in a building with approx. square footage of N/A sq ft.
The building is leased by the company for $6,250 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals choose to sell businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 totally different things. As an example, they may state "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or a range of other factors. This is why it is really important that you not depend totally on a vendor's word, however rather, utilize the vendor's response together with your overall due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover points like stock, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too thin. Numerous companies come 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 building where the business resides. The business might have existing contracts with vendors that need to be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new customers? Most times, businesses have repeat clients, which develop the core of their everyday earnings. Certain elements such as brand-new competitors sprouting up around the area, road construction, as well as personnel turn over can impact repeat consumers and also adversely impact future incomes. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the chance to build a returning client base. A last thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the regional typical home income impact future earnings prospects?