Business Overview

The Only Game in Town

Financial

  • Asking Price: $79,999
  • Cash Flow: $60,000
  • Gross Revenue: $380,909
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,400
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Just off the expressway

Is Support & Training Included:

1 week

Purpose For Selling:

other business interest

Pros and Cons:

Can add other services

Opportunities and Growth:

Can expand hours

Additional Info

The venture was established in 2020, making the business 2 years old.

The company has 2 employees and is located in a building with approx. square footage of 1,400 sq ft.
The property is leased by the business for $1,300 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell companies. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. As an example, they might say "I have too many various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent reduction in profits, or a variety of various other reasons. This is why it is extremely vital that you not rely completely on a seller's word, but rather, use the vendor's answer combined with your overall due diligence. This will repaint a more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that profit margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new consumers? Most times, operating businesses have repeat clients, which form the core of their everyday revenues. Particular variables such as brand-new competition growing up around the location, road building and construction, and also employee turn over can impact repeat clients and adversely influence future profits. One essential point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the possibility to construct a returning client base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the regional average household income impact future revenue prospects?