Listing ID: 76458
Business Overview
One of Colorado’s most established expedition companies that has an excellent reputation and a loyal base of repeat clientele. Included in this business sale are the permits to access a large number of rivers and BLM areas along the Rocky Mountains. These permits hold a great deal of value as there is a moratorium on the issuance of new permits. The current owner is willing to train a buyer and the business has experienced staff in place.
This Colorado dream business won’t last long!
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Financial
- Asking Price: $850,000
- Cash Flow: $72,177
- Gross Revenue: $204,616
- EBITDA: N/A
- FF&E: $202,378
- Inventory: N/A
- Inventory Included: N/A
- Established: 1984
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:6,000
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
Freestanding, industrial with 6000 sqft.
Yes, 4 weeks.
Retirement
Additional Info
The company was established in 1984, making the business 38 years old.
The company has 17 employees and resides in a building with estimated square footage of 6,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is very vital that you not count totally on a vendor's word, yet rather, use the seller's answer along with your overall due diligence. This will repaint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new customers? Many times, businesses have repeat customers, which develop the core of their daily earnings. Specific variables such as brand-new competition growing up around the location, road building and construction, and staff turnover can impact repeat customers as well as adversely affect future profits. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business regularly, the better the chance to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood typical home earnings effect future revenue potential?
