Business Overview

A highly sought-after commercial office condo with an expansive warehouse located in a NW Broward industrial park. Zoning IRD consisting of about 5,396 adjusted square feet. The effective year built is 2006. Completely remodeled this property includes tile throughout (office), plenty of private spaces, and a well-organized double-height ceiling warehouse. This property is being sold with business listing 0101-931506. Please refer to listing 0101769331, business broker Tom Milana 561-702-6867 when inquiring about this listing.

Financial

  • Asking Price: $1,600,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retirement - Sale of Business

Pros and Cons:

Retirement - Sale of Business

Additional Info

The company was started in 2005, making the business 17 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell operating businesses. Nevertheless, the real reason and the one they tell you may be 2 totally different things. As an example, they might state "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, current reduction in revenues, or a variety of other factors. This is why it is really vital that you not count completely on a seller's word, but instead, utilize the seller's solution together with your overall due diligence. This will repaint a more realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that earnings margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location bring in new customers? Most times, companies have repeat consumers, which create the core of their day-to-day earnings. Specific variables such as brand-new competitors growing up around the location, roadway building and construction, and also staff turnover can affect repeat clients and also adversely affect future revenues. One essential thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning customer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the local typical home earnings effect future earnings potential?