Business Overview

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• In operation for over 60yrs!
• Extra Check-Cashing Income
• Easy to run store
• Located in Colorado Springs, CO
• Upside for hands on operator!
• SBA Financing Available

Financial

  • Asking Price: $325,000
  • Cash Flow: $105,800
  • Gross Revenue: $1,300,000
  • EBITDA: $105,800
  • FF&E: N/A
  • Inventory: $200,000
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

2 weeks no cost to Buyer

Additional Info

The deal doesn't include inventory valued at $200,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have a lot of other obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or a variety of various other factors. This is why it is extremely vital that you not rely entirely on a seller's word, yet rather, make use of the vendor's response together with your total due diligence. This will paint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover items like inventory, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too tight. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area draw in brand-new consumers? Many times, operating businesses have repeat consumers, which form the core of their everyday earnings. Certain aspects such as new competition growing up around the location, road building and construction, and employee turnover can affect repeat clients and adversely affect future incomes. One essential point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning customer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outside border of town? How might the neighborhood mean home earnings impact future income potential?