Listing ID: 76723
Business Overview
This nearly 40 year old specialty business supports the construction industry. The beautiful store front and phenomenal building with showroom and offices is located on a main thoroughfare in the heart of the geographical area it serves. Diverse product lines provide strong revenue streams. The sellers have established processes that will make this business easy for a new owner to learn. Currently the business is managed by a small staff but the addition of an outside sales person would greatly enhance marketing and growth. This exceptional business is looking for a new owner to take it to the next level. The Real Estate and Business are to be sold together.
Financial
- Asking Price: $360,000
- Cash Flow: $200,000
- Gross Revenue: $1,000,000
- EBITDA: $200,000
- FF&E: $175,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1983
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:7,128
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Nestled in a lovely mountain valley, this beautiful, well-maintained business occupies a spacious 7128 sq.ft. facility on a busy thoroughfare. A modern show room, well-appointed offices, a large conference room, and 2 kitchens occupy 5390 sq.ft. Additionally, an expansive 1738 sq.ft. shop, wired with 3 phase power rounds out this location.
Owner will provide support and training for 12 weeks at close of sale.
Retirement
In this Marketplace, no other business like it offers the extensive product lines or the customer experience that has been the backbone for longevity and growth of this business.
Construction is exceptionally strong in Colorado. Adding additional product lines and services which are in demand could easily be incorporated to the existing offerings and would enhance growth. The building has plenty of additional space to add these products.
Additional Info
The company was founded in 1983, making the business 39 years old.
The business has 3 employees and is situated in a building with approx. square footage of 7,128 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the genuine reason and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a variety of other reasons. This is why it is very crucial that you not rely totally on a seller's word, however rather, use the seller's solution together with your general due diligence. This will paint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that profit margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new consumers? Often times, businesses have repeat consumers, which form the core of their day-to-day profits. Specific factors such as brand-new competitors sprouting up around the area, roadway building, and also personnel turn over can affect repeat customers and also negatively affect future earnings. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the local median household earnings impact future income potential?
