Listing ID: 80321
Opportunity to acquire a wine club web based application with huge potential for growth!
A similar wine club app named Vivino has currently 53M Users.
If you’ve heard of Wine Spectator App (WSP), WSP has 270,000 user reviews.
Application has been developed for over 2 years, and the foundation is in place for a new owner to market and grow!
Sale includes ecommerce website, ebooks, app for IOS and Android.
Call today for more information!
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: $23,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
other business interests
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell businesses. However, the true factor and the one they tell you might be 2 completely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in revenues, or an array of various other reasons. This is why it is really important that you not rely absolutely on a vendor's word, yet rather, utilize the vendor's response along with your general due diligence. This will paint an extra realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Remember that occasionally this can mean that profit margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract brand-new customers? Many times, operating businesses have repeat customers, which develop the core of their day-to-day revenues. Specific factors such as brand-new competitors sprouting up around the location, road construction, as well as personnel turnover can impact repeat clients and also adversely affect future revenues. One important point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to build a returning consumer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the local average family earnings effect future income potential?