Listing ID: 73841
PRICED TO SELL: NATIONAL LEADING RACING & HOSPITALITY AWNINGS BUSINESS: The Owner of this reputable and well-established Auto Racing & Hospitality Awnings Business is seeking a Suitable Buyer to take over his customer base, designs, key sales executive and continue the tradition of providing timely service, quality, and innovative designs to his customers.
CUSTOMER BASE: As is evidenced by the map on the top left of this slide and the next slide, this company has a national presence with the majority of its accounts east of the Rockies & Canada (Ontario and Quebec).
TECHNOLOGY FEATURES: The Seller and his team are enjoying a reputation for innovative designs. Their billet awning fittings are popular offering lower installation and take-down time. Such Ergonomic and Structural Quality designs bring benefits to the customers (durability, quick assembly, aesthetic appeal) as well as enhance profitability to the customer and supplier (expediency in repairs, secure accounts, better profit margins).
REASON FOR SALE: The founder of the company is past retirement age and has decided to pass on the future of this business to a proper Buyer to continue this business.
REVENUE HISTORY & CUSTOMER BASE: This long-established company has had a loyal customer base. Its 2017-2021 sales trend is indicative of resilience that has helped the company handle the Pandemic and continue servicing its customer base flawlessly:
2017: $446K; 2018: $448K; 2019 $619 K;
2020.:$ 381 K; 2021 $415K
TARGET PRICE: $295,000 (Actual Price might be below or above depending on buyers’ supply/demand).
NOTE: INTERESTED PARTIES NEED TO SUBMIT CONFIDENTIALITY AGREEMENT & FUNDING CAPABILITY PROOF.
DISCLAIMER: Enterprise Development Resources, Inc.(EDR) makes no warranty or representation in connection with the information provided herein. Interested parties must conduct their own due diligence.
For More Information please contact: Elias E. Ladon, Certified Business Broker & Appraiser, Enterprise Development Resources, Inc. (not a Broker/Dealer.)
Any Securities Transactions will be conducted via a Registered Broker/Dealer.
Business Broker’s Address: 3659 Green Road, Suite 100, Cleveland, OH 44122; elias.ladon@EnterpriseDR.com; or firstname.lastname@example.org
216-295-1136 (m/t); 216-803-0107 (f); 216-765-0845 (O)
- Asking Price: $295,000
- Cash Flow: N/A
- Gross Revenue: $415,000
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $30,000
- Inventory Included: Yes
- Established: 1985
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Leased facilities with close proximity to two major highways. NOTE: THIS COMPANY IS AVAILABLE TO INTERSTATE BUYERS WHO WOULD LIKE TO ABSORB ITS PRODUCTION CAPACITY IN THEIR EXISTING SHOPS.
Seller and his general manager will help buyer to transition subject to mutually agreement with the Seller.
This company is well recognized in its industry and this gives it a competitive advantage.
This can be an attractive expansion opportunity for somebody who is aspiring to acquire innovative know-how and quality customers.
The venture was founded in 1985, making the business 37 years old.
The deal will include inventory valued at $30,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. However, the true factor and the one they tell you might be 2 entirely different things. For instance, they might say "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in incomes, or a variety of various other factors. This is why it is extremely crucial that you not depend entirely on a seller's word, but rather, utilize the seller's solution combined with your total due diligence. This will paint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can mean that revenue margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new clients? Often times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific factors such as brand-new competitors growing up around the area, road building, and staff turn over can impact repeat customers and adversely impact future revenues. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the greater the possibility to build a returning customer base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the local average household income impact future revenue potential?