Listing ID: 76601
Business Overview
Fantastic live-in business opportunity in beautiful Southern Colorado! This well maintained, income-generating Mobile Home Park offers an endless array of possibilities. Keep it as the fully rented Mobile Home Park, or this property could easily be converted into a RV Park, Doublewide area, and/or Duplexes. The possibilities are endless! Needing a quaint mountain town hideaway? Look no more! Enjoy the spectacular views from this historic yet tastefully remodeled 3 bedroom, 2 bathroom home. This property includes an 1800 sqft home built in 1904 with unique charm around every corner. The beautiful well-insulated adobe walls keep the cold out, and the heat in!
Complete with Solar Panels which provides a great and energy efficient heat in the winter. Plenty of water to keep up with flowers or a vegetable garden in the large fenced yard. Needing storage space? We have that covered too! This property offers plenty of storage and outdoor workspaces with the large 2 story 27’X26′ barn or the 44’X50′ machine shop/RV garage, and 3 smaller outbuildings. The location of this property is superb! Within walking distance to the art galleries, shops and other local attractions of historic downtown La Veta. Enjoy fishing? Then you will love being able to walk to both Wahatoya or Daigre lakes, where the fishing is some of the best in the County! Don’t miss out on your opportunity to own this property call the office and set up an appointment today!
Financial
- Asking Price: $649,900
- 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
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. Nonetheless, the true reason vs the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is very essential that you not count absolutely on a seller's word, but rather, use the vendor's solution together with your total due diligence. This will repaint a much more practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Remember that in some cases this can suggest that revenue margins are too tight. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Many times, companies have repeat consumers, which develop the core of their daily revenues. Particular elements such as new competition growing up around the location, road building and construction, and personnel turnover can affect repeat consumers and also negatively impact future earnings. One vital point to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the possibility to build a returning client base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood mean home income effect future revenue prospects?
