Business Overview

Do you love to decorate? This business is for you! Our customers love coming in to get inspired ideas and you can help them! Coastal decor, gifts, and furniture store located in a busy strip center in a desirable location in St Augustine near vacation rentals. Sales come from both tourists and locals as inventory meets both needs. Well established relationships with local realtors brings repeat business. Additional sources of revenue include workshops by local artists, design consulting, and store events. Fully designed website with e-store, email marketing, and event registration with easy to edit and maintain capabilities add to the revenue stream. Please refer to listing 7101-210172 and advisor Richard Murray when inquiring on this listing.

Financial

  • Asking Price: $99,900
  • Cash Flow: $58,573
  • Gross Revenue: $159,852
  • EBITDA: N/A
  • FF&E: $10,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 2611 Square Footage: 1850 Building Type: Strip Center Terms & Options: 2 five year Expiration Date: 12/31/2024

Is Support & Training Included:

Seller will train for 2 weeks at no cost.

Purpose For Selling:

Retirement

Additional Info

The company was started in 2019, making the business 3 years old.
The sale does include inventory valued at $20,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell companies. However, the true reason vs the one they say to you may be 2 totally different things. As an example, they may say "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is really vital that you not depend absolutely on a vendor's word, but instead, use the vendor's response in conjunction with your overall due diligence. This will paint an extra practical image of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There might 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 may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the area draw in new clients? Many times, companies have repeat customers, which form the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the location, roadway building and construction, as well as employee turnover can influence repeat clients as well as negatively affect future revenues. One important thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the greater the opportunity to construct a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Just how might the local typical family earnings influence future income prospects?