Listing ID: 79498
Family owned and operated for over 30 years. Sarasota county largest selection of portable and ceiling fans and accessories. Beautifully appointed store allows shoppers to see for themselves the most popular fans available. Unique and unusual styles. Contemporary, transitional and traditional. Something for all budgets and decorative needs – residential, commercial and industrial. Professional installation and repair services available. Well designed and functional website. Over $140K of inventory included in the purchase price. SBA Lender Pre-Qualified with $100,000 Down. Terms are approximate.
- Asking Price: $550,000
- Cash Flow: $347,968
- Gross Revenue: $1,088,633
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $140,000
- Inventory Included: Yes
- Established: 1991
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,375
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Business Condo Building Type
The company was founded in 1991, making the business 31 years old.
The sale shall include inventory valued at $140,000, which is included in the asking price.
The company has 2 employees and is located in a building with disclosed square footage of 1,375 sq ft.
The building is leased by the business for $6,650 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. However, the real factor vs the one they say to you may be 2 completely different things. For instance, they may state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of other reasons. This is why it is very important that you not depend totally on a vendor's word, but rather, utilize the vendor's solution along with your general due diligence. This will repaint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in brand-new customers? Most times, businesses have repeat consumers, which form the core of their daily profits. Particular variables such as new competitors growing up around the location, roadway building, and also personnel turnover can impact repeat customers and also adversely impact future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the opportunity to build a returning client base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional median home earnings influence future income potential?