Listing ID: 79365
This is a great opportunity to acquire a locksmiths business. Seller will train buyer and hand over many customer accounts. Comes with plenty of equipment, inventory and a vehicle. Ideal starter business for an E2 Visa or someone looking to work for themselves without too much pressure.
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $60,000
- Inventory Included: Yes
- Established: 2012
- 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
Fully equipped vehicle with $60,000 worth of inventory (Home Based)
Two weeks training
You can put more hours into expanding the business, current owner looking to retire
This Business Is Home Based
The venture was established in 2012, making the business 10 years old.
The deal shall include inventory valued at $60,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell businesses. Nevertheless, the genuine reason and the one they tell you might be 2 entirely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a range of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, yet rather, utilize the seller's answer combined with your total due diligence. This will paint a much more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that profit margins are too small. Lots of organisations come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new customers? Most times, operating businesses have repeat customers, which create the core of their day-to-day earnings. Specific factors such as brand-new competition growing up around the location, roadway building and construction, and also employee turn over can affect repeat customers and also adversely affect future earnings. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the regional mean family earnings influence future earnings potential?