Listing ID: 72913
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: $575,000
- Cash Flow: N/A
- Gross Revenue: $2,400,000
- 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
Stand alone building
6 week training period plus additional training from seller.
The company has 2 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The building is leased by the business for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current reduction in incomes, or an array of various other reasons. This is why it is really essential that you not rely completely on a vendor's word, but rather, use the seller'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 current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new clients? Most times, businesses have repeat clients, which create the core of their daily earnings. Particular variables such as new competition sprouting up around the area, road building and construction, and personnel turn over can influence repeat customers as well as adversely impact future earnings. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business regularly, the better 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 located on the outskirts of town? Just how might the neighborhood median household income impact future earnings prospects?