Listing ID: 75996
Custom Bra Fitting & Lingerie Store w/a Commitment to Excellence and a Loyal Following. Multiple services offered including in-store fittings, private consultations, and bra-fitting parties. We specialize in the hard-to-fit and offer a variety of styles, colors, and sizes. Women love our Swimwear and we offer products not sold in traditional department stores, including post-surgical or non-underwire women. For additional information please contact listing agent Thomas Vondell at 845-389-2599 or firstname.lastname@example.org.
- Asking Price: $249,000
- Cash Flow: $86,866
- Gross Revenue: $374,833
- EBITDA: N/A
- FF&E: $9,823
- Inventory: $90,255
- Inventory Included: Yes
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,200 square feet with a Total Rent of $1,500. Seller is active in the business with 1 FT employee, 2 PT employees and 2 Independent Contractors. Hours of operation are M&F: 10-5, T-TH: 1-7, 2nd & 4th Saturday 10 am-3pm. $90,255 in Inventory and $9,823 in FF&E included in Asking Price. $5,563 made in Leasehold Improvements.
The venture was started in 2007, making the business 15 years old.
The transaction will include inventory valued at $90,255, which is included in the suggested price.
The company has 5 employees and is situated in a building with approx. square footage of 1,200 sq ft.
The real estate is leased by the company for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the true factor and the one they tell you may be 2 entirely different things. As an example, they may claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, current reduction 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 rather, utilize the seller's solution along with your total due diligence. This will paint a more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans in order to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Many times, businesses have repeat consumers, which create the core of their daily revenues. Specific elements such as new competition sprouting up around the area, road construction, as well as staff turnover can impact repeat clients and also adversely impact future revenues. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local average family earnings influence future revenue prospects?