Business Overview

Marine electronics sale and repair business located on a Marina, specializing in repair of marine electronics such as GPS, Radar, Auto Pilot and boats control systems. Please refer to listing 7101-129919 and Bassam Batshone when inquiring on this listing.

Financial

  • Asking Price: $225,000
  • Cash Flow: $190,265
  • Gross Revenue: $285,000
  • EBITDA: N/A
  • FF&E: $5,000
  • Inventory: $125,000
  • Inventory Included: Yes
  • Established: 1998

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:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 540 Square Footage: 1500 Building Type: Stand alone Terms & Options: Lease to be negotiated Expiration Date: 3/31/2021

Is Support & Training Included:

Seller will train for 2 weeks at no cost.

Purpose For Selling:

Retirement

Additional Info

The business was started in 1998, making the business 24 years old.
The transaction will include inventory valued at $125,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell businesses. Nevertheless, the true reason vs the one they say to you might be 2 totally different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these may simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in revenues, or a variety of various other factors. This is why it is really vital that you not depend totally on a vendor's word, however instead, use the vendor's solution in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new clients? Often times, operating businesses have repeat consumers, which form the core of their daily earnings. Certain factors such as new competition growing up around the location, roadway building, as well as employee turn over can influence repeat clients and also adversely influence future earnings. One crucial thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A last idea is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood average household income effect future earnings potential?