Listing ID: 73381
Owners says make an offer! For over 40 years in business now, this business is a well-known supplier of specific use steels, titanium, aerospace alloys, aluminum or bronze metals is for sale at $1.6M. Serving industries such as Aerospace, Energy, Petro Chemical, Food, Auto, Firearms, Medical and fitness. Long term contracts in place and Vendor Managed Inventory contract agreements with current customers. Current owner has been with the company since inception, but is now ready to retire. Seller states there is plenty of upside sales potential for a new owner with a can-do attitude. Located in a premiere industrial area within minutes of major interstates and interchanges. Property available separately with ample room for expansion. Strong sales history with great cash flow for a new owner. For more detailed information, please contact Listing Broker Brandon Owens at 513-392-6750 or email email@example.com.
- Asking Price: $1,100,000
- Cash Flow: $372,863
- Gross Revenue: $2,224,043
- EBITDA: N/A
- FF&E: $77,000
- Inventory: $679,000
- Inventory Included: Yes
- Established: 1979
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:16,360
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is an owned location of 16,360 square feet. Seller is active in the business with 3 FT employees. Hours of operation are 8:30am-5pm Monday to Friday. $679,000 in Inventory and $77,000 in FF&E included in asking price. $67,000 made in Leasehold Improvements.
The company was founded in 1979, making the business 43 years old.
The deal does include inventory valued at $679,000, which is included in the listing price.
The business has 3 FTE employees and is situated in a building with approx. square footage of 16,360 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 entirely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of other reasons. This is why it is very vital that you not count absolutely on a vendor's word, however instead, use the seller's answer in conjunction with your total due diligence. This will repaint an extra sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover items like supplies, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new consumers? Many times, operating businesses have repeat clients, which form the core of their daily revenues. Certain elements such as brand-new competition sprouting up around the area, roadway building, and employee turn over can affect repeat clients as well as negatively affect future revenues. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood typical household income influence future income potential?