Listing ID: 76722
Large, open floor plan commercial building in the Trinidad AG/Industrial Park. The property sports a new metal roof, new interior office area, with tiled floors, air conditioning, handicapped accessible rest rooms. 8′ chain link security fence, and loading dock. Office area consists of a large reception area, break room, 2 offices and a rest room. The warehouse area is accessed by a man door and 14’H X 15′ W roll up door. The ceiling height from floor to concrete rib is 17’10”. Both insulated roll up doors are new. The. furnace and A/C unit are new. The electrical paneling much and much of the wiring is new. Two adjoining lots are available for purchase to enable expansion of the lot. Seller may consider a short term owner carry.
- Asking Price: $549,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1976
- 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
The property sports a new metal roof, new interior office area, with tiled floors, air conditioning, handicapped accessible rest rooms. 8' chain link security fence, and loading dock. Office area consists of a large reception area, break room, 2 offices and a rest room. The warehouse area is accessed by a man door and 14'H X 15' W roll up door. The ceiling height from floor to concrete rib is 17'10''. Both insulated roll up doors are new. The. furnace and A/C unit are new. The electrical paneling much and much of the wiring is new.
The venture was started in 1976, making the business 46 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell businesses. However, the real reason and the one they tell you may be 2 entirely different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is extremely essential that you not rely totally on a seller's word, however rather, make use of the seller's answer combined with your general due diligence. This will repaint an extra sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can mean that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new customers? Most times, companies have repeat consumers, which develop the core of their daily profits. Specific aspects such as brand-new competition sprouting up around the area, road construction, and personnel turn over can impact repeat clients and also negatively affect future incomes. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Just how might the local typical household income influence future revenue prospects?