Listing ID: 74816
These are rare: Priced near one times cash flow plus wholesale inventory. Learn from a master “booth show” retailer, keep product at home, work the hours and shows that you want from part to full time. Sell value oriented women’s clothing, purses, hats and accessories to mature customers who appreciate your presence and efforts.
Expand into the web and see even more profits from a business that has been supporting a Tucson family for 34 years.
No employees, no expensive retail space, easy set up, and a pent up demand and market ready to explode in 2021 as we come out of our pandemic. Seller starting to book shows, sales growing again as retirement homes open back up and customers responding.
If this strikes a chord, email or call and we will send you our NDA and then photos of the inventory.
- Asking Price: $59,000
- Cash Flow: $29,000
- Gross Revenue: $119,000
- EBITDA: N/A
- FF&E: $2,000
- Inventory: $20,000
- Inventory Included: Yes
- Established: 1990
- 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
Stores new women's ready to wear, purses, and other accessories in home garage closets and sells from booth at retirement homes and home shows. (Home Based)
Will train best practices and mentor as required
Very little. Retirement home residents and home show patrons love her attitude and quality clothing, purses and accessories at very reasonable prices.
The sky is the limit as we "open" up this spring and summer. Add more shows, go back to home shows and to the military exchange booths. Stay part-time (800 hours in 2019) or add more shows. Add a web site and on-line component.
This Business Is Home Based
The venture was started in 1990, making the business 32 years old.
The deal will include inventory valued at $20,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nevertheless, the true factor vs the one they tell you might be 2 absolutely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is very important that you not count totally on a vendor's word, but rather, use the vendor's response in conjunction with your overall due diligence. This will repaint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new consumers? Often times, operating businesses have repeat clients, which form the core of their everyday revenues. Particular aspects such as new competitors growing up around the area, road building, as well as personnel turnover can influence repeat consumers and also negatively affect future profits. One essential point to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the better the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood typical household income impact future earnings potential?