Listing ID: 76654
Great Opportunity in the Industrial Park in Trinidad! This 2.4 acre lot has 2 buildings in place with amazing exposure off of I-25! Ready to go with one building offering City Water and Sewage, Propane Heater, Electricity, 4 Garage doors, 2500 Square Feet, 2 bathrooms, and high ceiling clearance! Plus another building with 2000 Square Feet, concrete floors, 2 Garage doors and electricity. This is a must see!
- Asking Price: $425,000
- 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
2 Buildings - Ready to go with one building offering City Water and Sewage, Propane Heater, Electricity, 4 Garage doors, 2500 Square Feet, 2 bathrooms, and high ceiling clearance! Plus another building with 2000 Square Feet, concrete floors, 2 Garage doors and electricity.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell businesses. Nonetheless, the real factor vs the one they say to you may be 2 entirely different things. For instance, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in incomes, or an array of various other factors. This is why it is extremely important that you not rely completely on a seller's word, however instead, use the seller's answer together with your general due diligence. This will repaint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that earnings margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations 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 need to be fulfilled or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new customers? Often times, businesses have repeat clients, which form the core of their daily revenues. Particular variables such as brand-new competitors sprouting up around the location, roadway building and construction, and personnel turn over can affect repeat clients as well as adversely impact future profits. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the possibility to build a returning consumer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local mean home income influence future revenue potential?