Listing ID: 75061
This is a great opportunity for a tattoo artist to generate even higher profits by working in the business. Customers can choose from thousands of designs or have a custom design drawn up. Piercing and retail items also generate income. Great lease with over 10 years left. Health reasons force sale, call now for more information on this incredible opportunity!
- Asking Price: $95,000
- Cash Flow: $60,000
- Gross Revenue: $200,000
- EBITDA: $60,000
- FF&E: $20,000
- Inventory: $4,500
- Inventory Included: Yes
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:900
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The business was started in 2018, making the business 4 years old.
The transaction shall include inventory valued at $4,500, which is included in the listing price.
The company has 3 employees and resides in a building with estimated square footage of 900 sq ft.
The real estate is leased by the business for $1,360 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nonetheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of various other reasons. This is why it is really essential that you not depend completely on a vendor's word, however rather, use the seller's answer together with your overall due diligence. This will repaint an extra practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that profit margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new clients? Most times, companies have repeat clients, which form the core of their day-to-day earnings. Particular aspects such as brand-new competitors growing up around the area, roadway building and construction, as well as employee turnover can affect repeat clients and adversely impact future profits. One important thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? How might the neighborhood typical house earnings impact future earnings potential?