Listing ID: 76765
Business Overview
COVID update: After 10 months of being closed, this store (along with the hokey rink) was opened the weekend of March 12, 2021. Sales for the 3 day weekend —> $6000!
Majority of sales are high margin services.
Premiere Hockey Pro Shop in Southern California.
Located inside a regional rink…this pro shop offers skate sharpening, service and repair. Primarily service driven, this shop also offers customers the opportunity to browse well-stocked hockey equipment, fan gifts and apparel.
Great lifestyle business & hours.
Stocked to the rafters with hockey & ice skating equipment.
Great hours! Open 4-9pm M-W, and 2-9pm Thurs-Sunday
Business is fully staffed and run semi-absentee. Owner lives too far to manage.
All interested and qualified parties are encouraged to complete a standard NDA and Buyer Profile.
Financial
- Asking Price: $99,000
- Cash Flow: $71,150
- Gross Revenue: $304,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $35,000
- Inventory Included: N/A
- Established: N/A
Too far from home.
Additional Info
The transaction won't include inventory valued at $35,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nevertheless, the real factor and the one they say to you may be 2 totally different things. As an example, they may claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, but instead, make use of the vendor's solution along with your overall due diligence. This will paint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover things like supplies, payroll, accounts payable, etc. Remember that occasionally this can imply that revenue margins are too tight. Lots of businesses 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 may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Often times, operating businesses have repeat clients, which create the core of their everyday revenues. Particular elements such as brand-new competitors growing up around the location, road construction, and also employee turn over can influence repeat consumers and also negatively affect future earnings. One important thing to think about is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the possibility to construct a returning consumer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the regional average house earnings impact future earnings prospects?
