Listing ID: 76856
This thriving advertising business has been connecting communities with their first responders since 2015! (Sales have almost doubled from2017 to 2019) This business focuses on a powerful form of local advertising that provides a platform for community owned businesses to support their local heroes by providing them with much needed resources. The local Police Department, Sheriff’s Office, and Fire Department uses their proprietary materials to engage and educate their communities. They are not only well differentiated in their space, but their quantity and most important quality of product sets them apart from any others that may want to compete with them. Additionally, their ability to create their own materials in house provides them with a level of customization and service to their clients that no other competitor can match. The Seller is currently growing the business working no more than 20 hours a week (often less). It is a national business in scope, doing business in 11 states, and positioned to work in the rest of the county. This business can be relocated to any other city or state if desired. There are literally thousands of additional towns that NEED their products and in today’s climate, and people’s desire to show support for first responders has never been higher! So, if you are entrepreneurial and think you would enjoy building a business that supports local Law Enforcement & Fire Fighters, then this is a golden opportunity!
- Asking Price: $639,000
- Cash Flow: $232,831
- Gross Revenue: $821,892
- EBITDA: N/A
- FF&E: $13,300
- Inventory: $30,000
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 1,200 sq ft with a total monthly rental of $1,400. The seller is active in business with 5 FT and 4 IC employees. Hours of operation are Mon-Fri, 9:00 AM - 5:00 PM. Included in asking price is $30,000 in inventory and $13,300 in equipment and fixtures.
Retiring & Looking to spend time with family
The business was founded in 2015, making the business 7 years old.
The deal shall not include inventory valued at $30,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. Nevertheless, the true reason and the one they say to you might be 2 completely different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is very important that you not depend entirely on a seller's word, but instead, utilize the vendor's response in conjunction with your total due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that revenue margins are too small. Lots of businesses come 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 obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be met or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their daily revenues. Particular aspects such as new competitors growing up around the location, road building and construction, as well as staff turn over can influence repeat clients as well as negatively impact future earnings. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? Just how might the regional median home earnings impact future revenue potential?