Listing ID: 77274
Well-established Southern California recreational vehicle (RV) dealership that sells and rents a variety of quality pre-owned & consigned RVs including motorhomes, travel trailers, 5th wheels, toy haulers, expandable RVs, and more. With the rapid industry growth and the business’ ability to provide quality and renovated coaches, they have built a solid reputation with many loyal customers.
The business maintains an excellent social media presence through old-fashioned values like great customer service, honesty, and integrity. A recent RV Industry Association study revealed that the RV industry had an overall economic impact to the US economy of $114 billion and that RV ownership has reached record levels — more than eleven million households now own an RV — the highest level ever recorded – a 62% increase since 2001 and a 124% gain since 1980. The new owner will benefit from the huge uptick due to changing consumer trends that now include socially distanced and safe vacation travel.
The business features clean financials with an excellent sales trend. Seller is willing to stay on for an extended time as may be required by buyer’s qualifications-experience and would be available for a negotiable training & consulting period.
Confidentiality is vital, therefore potential buyers must be prepared to demonstrate financial capabilities and be prepared to sign an NDA Agreement. To request more information, call or email Vince Castelluccio at 951-907-6320, firstname.lastname@example.org.
- Asking Price: $1,199,000
- Cash Flow: $633,330
- Gross Revenue: $4,690,664
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:7,500
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Seller will negotiate a transition period
Spend additional time with family & future relocating out of California
The company was established in 2010, making the business 12 years old.
The business has 1 FTE employees and is located in a building with disclosed square footage of 7,500 sq ft.
The building is leased by the company for $8,255 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nevertheless, the real factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is very crucial that you not depend completely on a seller's word, yet rather, use the vendor's answer together with your general due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things like inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that earnings margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new customers? Most times, businesses have repeat customers, which develop the core of their daily revenues. Particular factors such as new competitors growing up around the location, road construction, as well as personnel turnover can impact repeat consumers and adversely influence future earnings. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the regional typical house income effect future income prospects?