Listing ID: 76324
This well organized and established concierge business is five years old and allows the owner to work from home on their schedule. The cost of running the business is low which allows the owner to make a nice profit each year.
This is a home-based business. It has established a unique relationship with a company that funnels customers directly to this concierge business, automatically. The customers are individuals and families coming to the Aspen Valley for vacation. The company offers a wide array of services including arranging dinner reservations, activity bookings, babysitting, ski lessons, transportation, and so much more! The company has a stellar reputation for taking care of the details. The mission is simply to provide exceptional customer service for its clients so they can fully enjoy their valuable vacation time.
Seller Financing Available for a Well-Qualified Buyer.
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- Asking Price: $79,000
- Cash Flow: $43,627
- Gross Revenue: $178,330
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- 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
Yes, 2 Weeks
Pursue other interests.
This Business Is Home Based
The business was started in 2017, making the business 5 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in revenues, or an array of other reasons. This is why it is really crucial that you not count completely on a seller's word, yet instead, utilize the vendor's solution in conjunction with your overall due diligence. This will repaint a much more reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering items such as supplies, payroll, accounts payable, etc. Bear in mind that occasionally this can imply that profit margins are too small. Many organisations fall 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 commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Many times, businesses have repeat consumers, which develop the core of their everyday revenues. Specific elements such as brand-new competitors sprouting up around the location, road building, and also employee turn over can affect repeat consumers and adversely affect future profits. One important thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the better the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? How might the regional average house income effect future income potential?