Listing ID: 76712
Willy Wanna Jump is a locally owned, family run inflatable-bouncer rental business caters mainly to youthful clientele located within a three hour drive of its home base. Services are available year round, with March to October being the peak season. The entertainment equipment provided is primarily operated at various celebrations, including outdoor events, backyard parties, company picnics, schools carnivals, and other venues during warm weather. Some equipment is available for use during colder weather, at indoor venues including gymnasiums and auditoriums.
- Asking Price: $65,000
- Cash Flow: N/A
- Gross Revenue: $43,000
- EBITDA: N/A
- FF&E: $40,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Willy Wanna Jump is Home Based. All management and business coordination is directed by the owners, with part time workers available to setup and assist at venue locations. Storage of business equipment and supplies is in a 550 sq ft out building. A large outdoor area, free of debris and clutter, is used to maintain entertainment equipment as necessary. All inflatables are in good condition. All equipment necessary to transport, set up, and maintain the inflatables is included in the sale. (Home Based)
The Sellers will be available for the necessary time needed during the transition period starting with hands on training. At the conclusion of this training the Sellers will remain available by phone to answer questions for any length of time needed.
The owners are ready to retire from this business.
Willy Wanna Jump has the second largest inventory of inflatable rentals in the area. Otherwise just a few very small inflatable companies exist. Built around exceptional customer service and longevity, competition is nonexistent. The geographical area has plenty of room for these two inflatable rental companies.
Growth can be attained by additional marketing efforts, offering rental service to surrounding communities, and attaining additional inflatables. This business has been managed part time providing a secondary income. It could remain a viable source of additional income or marketed into a primary business for a new owner.
This Business Is Home Based
The company was started in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in profits, or an array of various other reasons. This is why it is very vital that you not count entirely on a vendor's word, but instead, use the seller's answer combined with your total due diligence. This will repaint an extra reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can imply that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain elements such as brand-new competitors growing up around the location, roadway building and construction, as well as employee turn over can influence repeat clients and negatively affect future earnings. One important thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to build a returning client base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the regional typical home earnings influence future income prospects?