Listing ID: 73223
Custom cues and billiard tables. State-of-the-art equipment with the latest technology. We work hard to design and deliver the best Central Oklahoma performance in billiard tables, & accessories for beginners to professionals.
- Asking Price: $114,900
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The company was started in 2016, making the business 6 years old.
The company has 2 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the true reason and the one they say to you might be 2 entirely different things. As an example, they might claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may just be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of other factors. This is why it is really essential that you not count absolutely on a seller's word, however rather, make use of the seller's solution along with your overall due diligence. This will paint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day earnings. Particular elements such as new competitors growing up around the area, roadway building and construction, and also employee turn over can influence repeat customers as well as negatively influence future profits. One vital point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the higher the possibility to construct a returning client base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the regional mean house income impact future income prospects?