Listing ID: 73250
This 16-year old OK based company is a regional leader in its niche pet product space. Low operating costs and a recognized product have allowed the business to prosper and maintain close to 30% net margin over the last 10yrs.
The company is in a very strong position to continue to grow due to the economic growth and strong interest in pet products nationally. There are also strong opportunities to develop new business with a SEO/SEM integrated website and social media marketing programs. This fun and exciting turnkey business can be owned and operated from anywhere in OK. The owner will provide extensive training and support during a 30-day transition. 10% down SBA financing avail today with www.accessbizcapital.net Please call Jay Shrewder today for more information 918-230-9813 before this exciting opportunity gets away!
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: $250,000
- EBITDA: $100,000
- FF&E: $3,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Home-Based Pet Product Marketing (Home Based)
30 day training and transition provided by owner
No direct competition in statewide market area.
Huge op to develop online market and presence as well as replicate model on state by state basis via licensing and/or franchising
This Business Is Home Based
The venture was established in 2007, making the business 15 years old.
The sale does include inventory valued at $1,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nevertheless, the true factor and the one they say to you might be 2 absolutely different things. For instance, they may claim "I have too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of various other factors. This is why it is extremely vital that you not depend absolutely on a vendor's word, yet instead, utilize the vendor's answer together with your general due diligence. This will paint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too thin. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Most times, businesses have repeat customers, which form the core of their everyday earnings. Certain elements such as brand-new competition sprouting up around the location, road construction, and also personnel turnover can influence repeat consumers as well as negatively influence future earnings. One vital thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the better the opportunity to construct a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood mean house earnings influence future revenue potential?