Listing ID: 80603
PRICE REDUCED! Profitable delivery service available for sale in paradise! Owner is only working three days a week and says business has exponential growth opportunity for someone willing to work additional days as the demand is there. Business was started in 2019 and has continued to grow each year. Three years of financials available for buyers to review as well as the discretionary earnings analysis. Perfect for someone wanting a home based business.
- Asking Price: $69,000
- Cash Flow: $44,071
- Gross Revenue: $216,000
- EBITDA: N/A
- FF&E: $7,500
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- 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
Home based business.
Owner willing to provide training to new buyer.
Pursuing other opportunities
Very little competition on the island for delivery services of this nature.
Expand from 3 days a week to 5 days for extra earnings as well as expand delivery service area to south side and west sides of the island.
The venture was started in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. However, the genuine reason and the one they tell you might be 2 entirely different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in incomes, or a variety of other factors. This is why it is really crucial that you not depend absolutely on a vendor's word, yet instead, utilize the vendor's answer in conjunction with your general due diligence. This will repaint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items such as inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can suggest that earnings margins are too tight. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Many times, companies have repeat customers, which create the core of their day-to-day earnings. Certain variables such as new competitors sprouting up around the area, road building and construction, and also personnel turn over can influence repeat clients and also negatively impact future revenues. One crucial point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the opportunity to construct a returning client base. A last idea is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional typical house earnings influence future revenue prospects?