Listing ID: 79246
Well established and profitable multi-media/advertising business serving northeast Florida. The majority of the advertisers are consistent, renewing advertisers. Great opportunity to expand this business to other markets. The business has low overhead, is home based and can easily be relocated. All of the production for this business is outsourced, so that all you have to do is take care of current customers and focus on growing the business.
This company was established many years ago and has great brand recognition. The company has one employee and one independent contractor. It is the seller’s opinion that the employee will stay if given the opportunity. The seller works full time in the business and is available for a short transition. Due to health issues the Seller has priced the business to attract the right buyer and facilitate a quick transfer of ownership. Prior to Covid the estimated probable selling price of this business was $638,000.
- Asking Price: $225,000
- Cash Flow: $147,000
- Gross Revenue: $350,000
- 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:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This Business Is Home Based
The company was established in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is really essential that you not rely totally on a seller's word, yet instead, make use of the vendor's answer along with your overall due diligence. This will paint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans in order to cover things such as stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new customers? Many times, companies have repeat customers, which create the core of their day-to-day profits. Specific factors such as new competition sprouting up around the area, roadway building and construction, as well as personnel turn over can impact repeat consumers and negatively influence future incomes. One vital point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the higher the chance to develop a returning client base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the local average home earnings effect future revenue potential?