Listing ID: 76496
A great opportunity awaits with this niche business for sale. A 25 year old framing business that specializes in custom frames, needlework framing, sports memorabilia framing, and music memorabilia framing. This turn-key establishment is in a great location, has little competition, an extensive customer list, and many growth opportunities. Framing experience and a good sense of color and design are beneficial.
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- Asking Price: $150,000
- Cash Flow: $50,276
- Gross Revenue: $140,282
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 1996
- 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
1,435 Square Feet in a Strip Mall
Yes, 4 Weeks.
The company was founded in 1996, making the business 26 years old.
The deal won't include inventory valued at $20,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 completely different things. For instance, they may say "I have a lot of various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is really essential that you not count absolutely on a seller's word, yet rather, use the seller's solution together with your total due diligence. This will paint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that earnings margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new consumers? Most times, companies have repeat consumers, which develop the core of their daily revenues. Specific factors such as new competition sprouting up around the location, roadway building, as well as employee turn over can influence repeat consumers and also negatively affect future incomes. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the better the opportunity to develop a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? How might the regional median household income effect future income potential?