Listing ID: 76229
2131178 – Long standing, highly regarded, pet boarding and grooming business for sale in Salida, Colorado. Business and Real Estate offered. Great location on County Road 120 in Poncha Springs not far off of Highways 50 and 285. Large building in great shape. Easy in and out driveway and substantial parking area. All business fixtures and equipment included for a turnkey transition. Inventory list in supplemental documents. Financials available for qualified buyers with execution of a Non Disclosure Agreement. Indefinite Special Use granted for this business in Poncha Springs T2 Zoning.
- Asking Price: $700,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:3,470
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nonetheless, the true reason vs the one they say to you might be 2 absolutely different things. As an example, they might say "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not depend completely on a vendor's word, yet instead, utilize the vendor's answer along with your general due diligence. This will repaint a more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new consumers? Often times, businesses have repeat customers, which form the core of their day-to-day profits. Specific variables such as brand-new competition growing up around the location, roadway building and construction, and employee turn over can affect repeat consumers as well as adversely affect future earnings. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to build a returning client base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional average home income influence future earnings prospects?