Listing ID: 76968
Profitable food and beverage touring business that’s been established for 9 years for sale. This company provides walking food tours, wine tours, beer tours, and custom hop on/hop off food and beverage experiences. This business is run out of a home office with a full team of tour leaders.
This is truly a turnkey opportunity with established operational procedures in place, several pre- bookings for 2021, a contact list of over 2,400 prospects and participants, and experienced tour operators plus operations manager with vast knowledge of both the areas they tour already in place. Very little direct competition makes this a great opportunity to take over and grow revenue quickly. Eco-tourism is strong and getting stronger each year. Expanded marketing efforts would prove very profitable without a lot of time investment.
The company has a reputation as a high-end, quality operator and possesses a high percentage of repeat guests. Guest feedback is overwhelmingly positive, and the business has a five-star rating on TripAdvisor, Yelp and many other review sites. This is a fun and tremendously satisfying business. So, if you are interested in learning more – contact us today!
- Asking Price: $250,000
- Cash Flow: $82,681
- Gross Revenue: $146,166
- EBITDA: N/A
- FF&E: $100
- Inventory: $500
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Pursuing Other Interests and Moving out of the area
This Business Is Home Based
The venture was established in 2012, making the business 10 years old.
The sale doesn't include inventory valued at $500*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nevertheless, the genuine reason and the one they tell you may be 2 completely different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is very important that you not depend completely on a vendor's word, however instead, use the vendor's response together with your overall due diligence. This will paint an extra sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments 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 vendors that must be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Particular variables such as new competitors growing up around the area, roadway construction, and also employee turnover can impact repeat customers as well as negatively impact future earnings. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A final thought is the basic location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Just how might the neighborhood average household income impact future income potential?