Listing ID: 76861
Owner-operator opportunity for busy mailbox store in nice Ventura Blvd. location west of the 405. Excellent shopping/office center in a busy high traffic area. Well-established and profitable mailbox rental business has been there 25 years. Mailboxes, pack and ship, notary, and other business and document services. Bonus conference room generates steady rental income that is managed by a third party booking and billing service, or could be converted to other use depending on the new owner’s wishes.
Very clean and bright location. Renovated in 2016 with new marble counters and new wood laminate floors and other interior upgrades. Rebranded in 2020 with sharp new signage and website plus some new equipment including a Nest thermostat for remote monitoring.
Well-kept shopping/office center location with great parking including two dedicated spots just for mailbox customers. This center is well-cared for with a parking garage, security patrol, great other tenants including restaurants and shops, and businesses in the upstairs office building.
There are over 750 mailboxes and approximately a third of them are not currently rented so new owner can immediately increase the income by renting these out. Buyer can continue notary services and add other new services or products for additional income.
Great opportunity for an owner-operator to step right in and keep growing this evergreen business. Current owner works full time with one part time helper who can cover when the owner is out. Nice friendly vibe with the many customers that come in nearly every day makes this a fun place to work.
Note: A previous owner of this business left incomplete records for one tax year. Therefore, this business is being priced and sold as a Sale of Assets in Place with limited books and records. Any figures above or in the package are as per the Seller and Broker has not verified. Buyer to complete their own investigation of any available books and records during Buyer’s Due Diligence period and prior to opening escrow.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email Shannon Brown at email@example.com or call (818) 497 – 6866 to receive a confidentiality agreement and to learn more about this opportunity.
- Asking Price: $95,000
- Cash Flow: $50,000
- Gross Revenue: $105,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Upscale shopping center with great parking West of 405 on busiest street in SFV
Seller will provide training at no cost to buyer.
Great location and range of services. Some other mailbox locations are in the general area.
Many opportunities to grow by renting the unoccupied mailboxes (about 1/3 are not currently rented) and by adding other services.
The venture was started in 1996, making the business 26 years old.
The business has 1 employees and is located in a building with disclosed square footage of 1,200 sq ft.
The property is leased by the business for $2,550 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nevertheless, the genuine reason and the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a vendor's word, but rather, utilize the seller's answer along with your overall due diligence. This will repaint a more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans so as to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new clients? Many times, businesses have repeat consumers, which develop the core of their everyday revenues. Particular elements such as brand-new competitors sprouting up around the area, road building and construction, and also personnel turnover can impact repeat customers and adversely influence future earnings. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the better the chance to build a returning customer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional average household income influence future income prospects?