Listing ID: 79290
Every event you have can be beautifully supplied and created for the right price at this one stop shop! Weddings, Birthdays, Office celebration, School events and more! Art supplies as well! Spacious and stocked to the ceilings with incredible deals! Knowledgeable staff and make your planning a piece of cake! This legacy business is a local favorite and a must see to appreciate! Everything turn key ready! Ask for your NDA today!
- Asking Price: $200,000
- Cash Flow: N/A
- Gross Revenue: $153,000
- EBITDA: N/A
- FF&E: $45,000
- Inventory: $167,000
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Huge spacious set up with floor to ceiling display shelving, POS grab and go, balloon filling station, storage and break room, restrooms
two weeks for free
a few other similar stores approximately three miles two directions through major traffic, but none with this amount of quality inventory for less!
This expansive store could add additional services such as table rentals, add marketing to local churches, schools and clubs, could add side services like catering or bakery, and build a customer data base for featured sales monthly. They already offer the lowest prices in town- Everyone can afford to plan their event on any budget!
The company was started in 2017, making the business 5 years old.
The deal won't include inventory valued at $167,000*, which ins't included in the asking price.
The company has 2 employees and resides in a building with approx. square footage of 5,000 sq ft.
The real estate is leased by the company for $7,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. However, the genuine reason and the one they say to you may be 2 absolutely different things. As an example, they might state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in revenues, or an array of various other reasons. This is why it is extremely important that you not depend totally on a vendor's word, but instead, use the vendor's answer along with your total due diligence. This will repaint a more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies borrow money in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new clients? Often times, businesses have repeat clients, which form the core of their everyday profits. Particular elements such as brand-new competition growing up around the area, road building and construction, as well as employee turnover can impact repeat customers and adversely affect future profits. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the possibility to construct a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the local median house income impact future income potential?