Listing ID: 79193
Two retail shops. Solid books. Quality products. Great supply resources. Text 813-517-7700 for details and NDA now.
- Asking Price: $750,000
- Cash Flow: $286,026
- Gross Revenue: $772,658
- EBITDA: $246,026
- FF&E: $60,000
- Inventory: $200,000
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Great location. Excellent parking. Well designed.
Has other businesses and keeping business with all.
This industry is mostly owned by independents. Companies like Walmart, Amazon, and CVS shy away and demand continues to grow.
There is plenty of room to grow this business. The current owner does minimal marketing.
The company was established in 2019, making the business 3 years old.
The sale doesn't include inventory valued at $200,000*, which ins't included in the asking price.
The company has 5 employees and is situated in a building with disclosed square footage of 1,200 sq ft.
The building is leased by the business for $4,798 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. However, the genuine factor and the one they tell you might be 2 absolutely different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in profits, or an array of other factors. This is why it is very vital that you not rely absolutely on a seller's word, however rather, make use of the vendor's solution together with your overall due diligence. This will paint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too tight. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in brand-new consumers? Most times, businesses have repeat customers, which form the core of their everyday revenues. Specific elements such as brand-new competitors growing up around the location, roadway building, as well as employee turn over can affect repeat consumers and also adversely influence future profits. One crucial point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local typical household earnings influence future revenue prospects?