Business Overview

Company specializes in beautiful, timeless, affordable transformations to update the most important room, your bathroom.

Using proprietary installation procedures and state-of-the-art products not available in big box stores, the firm offers unique solutions to beautify and enhance your bathing space.

Financial

  • Asking Price: $100,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

other ventures

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell operating businesses. Nevertheless, the real reason vs the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, recent reduction in incomes, or a range of various other reasons. This is why it is extremely essential that you not depend completely on a vendor's word, yet rather, utilize the seller's answer together with your general due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new consumers? Most times, companies have repeat clients, which create the core of their day-to-day profits. Specific variables such as new competitors growing up around the area, roadway construction, and also personnel turnover can affect repeat consumers as well as negatively affect future profits. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to build a returning client base. A last thought is the basic area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the local typical family income effect future revenue potential?