Listing ID: 76643
Amazing historic architectural rehab opportunity! Well maintained 1929 brick building, 3 stories with tall ceilings, ample parking and new roof. Recently used for medical and other offices, prime for office or housing development. Qualified opportunity zone, enterprise zone, historic tax credits, C-PACE funding, the opportunities are limitless! Located in downtown Walsenburg, between booming Trinidad and Pueblo, and roughly 90 miles to Colorado Springs. Incredible views of the Spanish Peaks from the top floor, close to Cuchara as well as Lathrop, Fisher’s Peak and Trinidad Lake State Parks, along the historic Santa Fe Trail and gateway to the San Luis Valley. An unbeatable opportunity in the heart of one of the fastest growing markets in Colorado.
- Asking Price: $350,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1929
- 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
Brick building, 3 stories with tall ceilings, ample parking and new roof.
The business was founded in 1929, making the business 93 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is very essential that you not rely totally on a seller's word, but rather, utilize the seller's solution together with your total due diligence. This will repaint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too small. Lots of businesses fall under 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 might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in new consumers? Many times, businesses have repeat customers, which form the core of their everyday revenues. Particular aspects such as new competitors sprouting up around the area, road building, as well as employee turnover can influence repeat customers and also negatively impact future revenues. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood mean family earnings influence future revenue potential?