Listing ID: 72886
Have you ever thought about becoming your own boss? This opportunity is one that you cannot afford to let go by. This well branded captive insurance company is just the place for you. The sky is the limit for you and the money you could make, and it is directly proportional to your drive and work ethic. This established agency is fully operational and ready for a driven individual like yourself to take the reins and write your own future. With hard work and dedication, this self-sustaining business could enable you to fulfill all your dreams.
- Asking Price: $429,000
- Cash Flow: N/A
- Gross Revenue: $1,830,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
6 week training period plus additional training from seller.
The business has 2 employees and is located in a building with estimated square footage of 1,200 sq ft.
The property is leased by the business for $1,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nonetheless, the true factor and the one they tell you may be 2 completely different things. For instance, they might claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a range of various other factors. This is why it is very crucial that you not rely absolutely on a vendor's word, but instead, use the seller's response together with your general due diligence. This will repaint a more sensible picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that profit margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in brand-new clients? Often times, operating businesses have repeat customers, which form the core of their daily revenues. Particular factors such as new competitors growing up around the location, roadway building and construction, and staff turnover can impact repeat customers and also negatively affect future incomes. One vital thing to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the neighborhood average house earnings effect future income prospects?