Listing ID: 79019
This exceptional company was founded in 2014 and has seen excellent growth year after year! They manufacturer a few different brands and the products are sold online and to wholesale customers. There are many opportunities to grow sales by selling into a larger geographic area. One line is made offshore while the other is a USA product made here in New England! Both products are very unique and the potential to offer customization is excellent. The company is currently run by a fulltime owner and a part time employee…..it could easily be run by run by just the owner. Faster growth could occur by hiring a sales rep. It is currently growing with very little sales effort but could also grow attending tradeshows to expand the wholesale side of the business. The Company has been on National TV many times!
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: $470,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $55,000
- Inventory Included: N/A
- Established: 2014
- 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
Will provide was is necessary for a smooth transition
Huge Upside with more aggressive owner.
The business was started in 2014, making the business 8 years old.
The sale doesn't include inventory valued at $55,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nevertheless, the real factor vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current reduction in earnings, or a variety of various other reasons. This is why it is very crucial that you not depend absolutely on a vendor's word, but rather, use the vendor's solution in conjunction with your general due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new clients? Most times, companies have repeat customers, which form the core of their daily profits. Certain variables such as brand-new competition sprouting up around the area, roadway construction, and also employee turnover can affect repeat consumers and also negatively impact future revenues. One important thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business often, the better the opportunity to construct a returning client base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional median house earnings effect future income prospects?