Listing ID: 76599
The company was founded in 2004 to produce a single craft beer festival and has since expanded to three annual festivals at urban and mountain venues. Attendees are able to sample products from 30-40 breweries pouring beer, cider, hard seltzer, hard kombucha, and mead. Every event produced in the past 17 years has been profitable as the lean structure has led to high margins. The company has a strong relationship with dozens of sponsors and a sizable database of past attendees.
This would be a great opportunity for someone with a flexible or seasonal job to add a new revenue stream. Training and transition assistance is offered as part of the purchase price.
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- Asking Price: $260,000
- Cash Flow: $110,722
- Gross Revenue: $274,288
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Home-based. (Home Based)
Other Business Interests.
This Business Is Home Based
The business was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the true factor and the one they say to you might be 2 completely different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is very essential that you not depend totally on a vendor's word, however instead, utilize the seller's solution combined with your overall due diligence. This will paint a more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Lots of companies fall into 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 consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new consumers? Often times, businesses have repeat customers, which form the core of their daily profits. Certain aspects such as brand-new competition sprouting up around the area, roadway building and construction, as well as staff turnover can influence repeat customers and negatively affect future incomes. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the better the chance to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood median family income influence future earnings potential?