Listing ID: 80257
This top-rated, award-winning business is a fun and efficient opportunity. It provides flexible staffing options and great expansion potential.
- Asking Price: $75,000
- Cash Flow: $62,500
- Gross Revenue: $158,185
- EBITDA: N/A
- FF&E: $10,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
Fully equipped for multiple presentations and also mobile-enabled
Owner will provide coaching and ongoing access to resourses.
Top rated established business great reviews and reputation.
Perfect timing to move to a larger space and expand offerings.
The business was established in 2015, making the business 7 years old.
The business has 12pt employees and is situated in a building with approx. square footage of 2,000 sq ft.
The real estate is leased by the company for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nonetheless, the real reason vs the one they say to you might be 2 entirely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of various other factors. This is why it is extremely vital that you not depend completely on a seller's word, however rather, utilize the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new consumers? Many times, companies have repeat customers, which develop the core of their daily profits. Specific factors such as brand-new competitors growing up around the area, road building, and personnel turnover can affect repeat customers as well as adversely affect future earnings. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the chance to develop a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the regional typical household earnings influence future revenue potential?