Business Overview

This 26,400 sq. ft. professional meeting and training facility has produced consistent sales and profitability over many years. They offer an ideal setting for many types of meetings and events catering to clients both locally and nationally. The company has well documented systems in place and an experienced staff dedicated to ensuring the highest level of service, resulting in high customer satisfaction and referrals.

Financial

  • Asking Price: $3,600,000
  • Cash Flow: $768,466
  • Gross Revenue: $2,743,177
  • EBITDA: N/A
  • FF&E: $558,665
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

26,400 square foot facility offers an ideal setting for meetings and events.

Is Support & Training Included:

Will train for 4 weeks @ $0 cost. Services include all meeting and training needs.

Purpose For Selling:

Moving towards retirement.

Pros and Cons:

Full service hotels.

Opportunities and Growth:

Strong potential for growth.

Additional Info

The company was founded in 2001, making the business 21 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals resolve to sell operating businesses. However, the genuine reason vs the one they say to you might be 2 entirely different things. As an example, they might claim "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is really vital that you not rely totally on a vendor's word, but rather, utilize the seller's response in conjunction with your general due diligence. This will paint a much more realistic picture of the business's present scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be fulfilled or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new consumers? Most times, companies have repeat customers, which develop the core of their daily profits. Specific factors such as brand-new competitors sprouting up around the location, road construction, and also staff turn over can affect repeat clients and also adversely affect future profits. One important point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the greater the possibility to build a returning client base. A last idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the regional typical household income effect future earnings potential?