Business Overview

Super successful retail business in prime local lake resort location. Price includes real estate and BONUS barely tapped patented medical technology with unlimited upside. Store sells premium brand merchandise in stand-alone 2017 purpose built facility appraised at $1.6M. Projected 2021 cash flow $400,000. Price does not include inventory.

Financial

  • Asking Price: $1,020,000
  • Cash Flow: $340,000
  • Gross Revenue: $1,450,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $750,000
  • Inventory Included: N/A
  • Established: 1995

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:15,000
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

10,800 SF retail and 4,800 SF manufacturing warehouse 2.26 Acres

Is Support & Training Included:

Yes, 30-45 days

Purpose For Selling:

Retiring

Pros and Cons:

Some online for proprietary products Several shoe and accessory stores in area

Opportunities and Growth:

Yes, Online sales, seek FDA approval, Additional stores

Additional Info

The company was established in 1995, making the business 27 years old.
The sale doesn't include inventory valued at $750,000*, which ins't included in the listing price.

The company has 7 employees and resides in a building with estimated square footage of 15,000 sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell businesses. Nevertheless, the real factor vs the one they tell you might be 2 entirely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is very important that you not depend completely on a seller's word, but rather, use the seller's response together with your general due diligence. This will paint a much more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that revenue margins are too tight. Many organisations fall under 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 commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in new consumers? Often times, businesses have repeat customers, which develop the core of their daily earnings. Specific elements such as new competition growing up around the location, road building, and personnel turn over can impact repeat clients and also negatively affect future incomes. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the greater the possibility to develop a returning client base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the regional average household earnings influence future revenue potential?