Listing ID: 79393
The current owner has been there 35 years and is the owner for past 25. The company specializes in the recertification of e-perbs and life rafts. Also is a mercury honda outboard dealer and sells inflatable life rafts and boats. He is the only recertification dealer on the west coast of FL and handles the East coast up to Maine. Two trucks and all warehouse equipment included in sale. Warehouse is 15000 sq/ft and has ramp for bringing boats inside. All utilities included in rent.
- Asking Price: $795,000
- Cash Flow: $200,000
- Gross Revenue: $1,800,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1982
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:15,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
In good shape
Will stay two mths
The business was started in 1982, making the business 40 years old.
The business has 5 employees and resides in a building with approx. square footage of 15,000 sq ft.
The property is leased by the company for $10,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nevertheless, the real factor and the one they tell you might be 2 totally different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a range of various other reasons. This is why it is extremely vital that you not rely totally on a seller's word, however rather, make use of the vendor's answer together with your overall due diligence. This will paint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover things like supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that profit margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new consumers? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as brand-new competitors sprouting up around the area, road construction, and personnel turnover can affect repeat customers as well as adversely impact future earnings. One crucial point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the possibility to build a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the local average household income impact future earnings prospects?