Listing ID: 76735
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:1
- 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 $500.00 per week.
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 business was founded in 1983, making the business 39 years old.
The business has 1 employees and is situated in a building with estimated square footage of 7,128 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or an array of various other factors. This is why it is really important that you not rely entirely on a seller's word, but instead, utilize the vendor's solution in conjunction with your general due diligence. This will repaint a much more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that earnings margins are too tight. Lots of organisations fall into 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 may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their daily profits. Particular elements such as new competition growing up around the area, road construction, as well as personnel turn over can influence repeat clients and also negatively affect future revenues. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning consumer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the regional typical family income impact future earnings prospects?
