Listing ID: 80813
Live the dream life. Make money helping people achieve their bucket list. Fly guests on your hot air balloon amongst some of the most breathtaking mountains in the world. Take flight in the morning, and enjoy the rest of the day soaking in the local outdoor adventures as you please.
The season usually lasts from Memorial Day to Labor Day, which gives you the rest of the year to seek other adventures.
- Asking Price: $110,000
- Cash Flow: $94,121
- Gross Revenue: $117,626
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The company was started in 2002, making the business 20 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell businesses. Nonetheless, the real reason and the one they say to you might be 2 totally different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really crucial that you not rely completely on a seller's word, but rather, make use of the seller's answer combined with your overall due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that revenue margins are too small. Numerous organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract brand-new customers? Many times, companies have repeat customers, which develop the core of their day-to-day revenues. Certain factors such as new competitors sprouting up around the area, road building, and employee turn over can affect repeat clients as well as negatively affect future profits. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the chance to develop a returning client base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional median home earnings influence future earnings potential?