Listing ID: 80846
Great business for an owner operator or priced right to provide trained quality staffing to turn into a turn-key business. Equipment needed to operate and manage business is in place. Business is known for offering great customer service and integrity in business dealings. Located in booming metropolitan area on major road.
Opportunity to expand business exist through expanding hours of operation and providing additional services.
• Ideally located off busy road with future road expansion planned as well as increased traffic counts.
• Owner prides himself on providing a great customer experience pass or fail.
• Booming area with surrounding growth both in residential and commercial.
• Strong social media review and word of mouth referral business.
Don’t hesitate! A profitable business with minimal overhead and strong cashflow stream located in booming metropolitan area won’t last long.
- Asking Price: $250,000
- Cash Flow: $128,866
- Gross Revenue: $184,912
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1996
- 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
1,000 sq. ft. leased space
Seller will negotiate a transition period
Owner is moving out of state
The company was started in 1996, making the business 26 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. Nevertheless, the real reason and the one they tell you might be 2 entirely different things. As an example, they may say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is very important that you not count absolutely on a vendor's word, but instead, make use of the vendor's solution in conjunction with your overall due diligence. This will paint an extra realistic image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular aspects such as brand-new competition sprouting up around the location, roadway construction, and employee turn over can affect repeat clients and adversely affect future revenues. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the chance to build a returning client base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional median family income influence future income prospects?