Listing ID: 72992
This fantastic location, with over 7000 square feet of retail space, people lined up out the door every day! Seller has excellent relationship with suppliers and is willing to transfer that knowledge to the new buyer. Excellent concept. Business is BOOMING! The store reaches full capacity every day they are open!
Must sign an NDA and provide POF before any other detailed information is disseminated along with the company’s location.
This is an exclusive listing by THE BRAVE HEELER ACQUISITION GROUP
- Asking Price: $200,000
- Cash Flow: $12,000
- Gross Revenue: $625,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $180,000
- Inventory Included: Yes
- Established: 2020
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,100
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Beautiful Store Front in Shopping Center, excellent location, non-stop traffic flow.
Owner will train and stay while new owner gets their feet on the ground
Ready for a new adventure
Bins stores are a hot commodity right now!
Tulsa market is very strong
The business was founded in 2020, making the business 2 years old.
The transaction does include inventory valued at $180,000, which is included in the asking price.
The company has 4 employees and resides in a building with estimated square footage of 7,100 sq ft.
The building is leased by the business for $5,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell companies. However, the real reason vs the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or an array of other factors. This is why it is very essential that you not count totally on a seller's word, but rather, use the vendor's response combined with your general due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Remember that in some cases this can indicate that revenue margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Many times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Particular elements such as brand-new competitors sprouting up around the location, road construction, and also personnel turnover can influence repeat consumers as well as negatively influence future incomes. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the local mean home income impact future revenue prospects?