Listing ID: 77309
Business Overview
This a tremendous opportunity for someone looking to step in to an existing, operating business. Currently partnered
with multiple companies and dispensaries. A new owner would be handling the day to day operations and managing the three
employees that are all transitioning with the business. Manufacturing Type 6 License is already in place and they are
working on getting their Type 7, which is almost complete. Comes with all the equipment needed to successfully
operate the business. This property is also zoned for distribution, giving a new owner plenty of room for growth and
profitability.
Fully ADA compliant.
Power- 800amp 3 phase.
Ceiling Height- 30ft.
PRICE DROP!!
All interested parties will need to
sign the NDA and submit proof of funds(bank statement).
Financial
- Asking Price: $599,999
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $900,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,999
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
2 weeks
other interests
Additional Info
The business has 3 employees and is situated in a building with estimated square footage of 4,999 sq ft.
The building is leased by the company for $10,000 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell operating businesses. Nonetheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, recent reduction in profits, or an array of other factors. This is why it is really important that you not depend absolutely on a seller's word, yet instead, utilize the seller's response in conjunction with your total due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that profit margins are too thin. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Often times, companies have repeat consumers, which create the core of their everyday revenues. Certain factors such as brand-new competitors sprouting up around the location, roadway construction, as well as staff turn over can affect repeat consumers as well as adversely affect future incomes. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the regional typical family income impact future income prospects?
