Listing ID: 79511
If your passion is wine, people ,and having fun this business should be on your consideration list. Well oiled machine as far as people, processes and systems are in place to take this to a whole other level. This unique wine tasting business comes to your event, custom labels wine for your clients, gift baskets, does retail and mail order sales and hosts educational events. This is a good one and has been pre-screeded already for SBA qualification.
****Important**** All buyers must complete either the attached NDA or request an electronic one. Buyers who complete the the buyer’s profile and financial statement will receive priority. We sell 100’s of businesses and want to make the best fit for both buyers and sellers. No information including location, financials, name of business will be released without, at minimum, a signed NDA.
- Asking Price: $199,900
- Cash Flow: $140,566
- Gross Revenue: $329,897
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1980
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,250
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Run out of a warehouse district office with plenty of room for inventory, deliveries and packing. Ample parking for all visitors.
Seller wants to see buyer to succeed and will stay on 2-4 weeks for smooth transition and possibly longer as a consultant to new owner.
Time to retire.
They have made an excellent reputation by how they conduct their business and handle clients. No real local competition.
Definitely could use a stronger social media and online presence. Private labeling could be further developed for special clients. Lots of opportunities for growth to expand to other like products and more events .
The venture was started in 1980, making the business 42 years old.
The transaction will include inventory valued at $15,000, which is included in the asking price.
The company has 1 employees and is located in a building with estimated square footage of 1,250 sq ft.
The property is leased by the company for $1,440 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. However, the true reason and the one they say to you may be 2 absolutely different things. As an example, they may say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a range of other factors. This is why it is very crucial that you not rely absolutely on a seller's word, yet instead, use the vendor's solution combined with your general due diligence. This will paint a much more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover items like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that have to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new customers? Many times, operating businesses have repeat consumers, which form the core of their daily earnings. Certain aspects such as new competitors growing up around the area, roadway construction, and also staff turnover can impact repeat consumers as well as adversely influence future earnings. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the local typical household earnings impact future income prospects?