Listing ID: 80204
UNBELIEVABLE CASH FLOW
Size by Acres: Land for expansion- approx.. 30 acres
Units – 111 traditional, 5 in side building- (can be converted to CC and additional units)
130 tables for flea market- once a week only on Saturday
75 RV spots
2 Commercial Building Rental
Occupancy %: Approx. 97% on storage, expansion available
Single Story/Multi Story: Single
- Asking Price: $1,550,000
- Cash Flow: N/A
- Gross Revenue: $240,000
- EBITDA: $180,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1986
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Lakeside parking for RV- Full facilities- laundromat, showers and restaurant The Selma Flea Market opened in 1986 in the beautiful historic city of Selma, Alabama. It is a clean, well-managed, friendly and family-owned market that has grown tremendously. The market attracts an average of 300 - 400 dealers weekly in sheltered and outdoor spaces. The market uses multi-media advertising, including television and live radio remotes. There are concession stands as well as a mobile food cart for the dealers convenience. The market is also home to the area's premier lake side RV Park and Campground. Conveniently located on the Highway 80 Bypass at River Road.
Available as agreed upon
Owner ready to invest into different projects
Mild competition. Owner has FEMA agreement on an as needed/required basis.
Additional land to expand self storage. RV parking, Add mobile home parks plus other opportunities
The business was founded in 1986, making the business 36 years old.
The business has 4 employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 completely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of various other factors. This is why it is really important that you not depend absolutely on a seller's word, yet instead, make use of the seller's response in conjunction with your total due diligence. This will paint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money in order to cover things such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. 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 satisfied or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which create the core of their daily revenues. Certain elements such as new competition growing up around the location, roadway building, as well as personnel turnover can influence repeat customers and also adversely influence future incomes. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Exactly how might the local median household earnings impact future income prospects?