Listing ID: 74815
This store has been at this location for 25 years and offer free installations to buyers. Sell several top brands with best warranties. Over 120 fans mounted in ceiling for customers to pick from.
- Asking Price: $399,000
- Cash Flow: $220,000
- Gross Revenue: $850,000
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 1998
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,200
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
2200 sq feet.$3065/ mo.
other interests (buirn out)
Big box stores.But this store offer free installs.
The business was founded in 1998, making the business 24 years old.
The sale does include inventory valued at $100,000, which is included in the requested price.
The company has 1 ft, 1pt employees and is situated in a building with approx. square footage of 2,200 sq ft.
The real estate is leased by the business for $3,065 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. However, the true reason vs the one they say to you might be 2 completely different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is very important that you not count entirely on a vendor's word, however instead, utilize the vendor's solution in conjunction with your general due diligence. This will paint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover points such as supplies, payroll, accounts payable, etc. Remember that occasionally this can suggest that profit margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with 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 should be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new customers? Often times, companies have repeat clients, which create the core of their day-to-day revenues. Certain aspects such as new competitors sprouting up around the area, road building, as well as staff turnover can influence repeat customers and also negatively affect future revenues. One vital point to consider is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the edge of town? Exactly how might the local median house earnings impact future revenue potential?