Listing ID: 80856
BODY JEWELRY/BODY PIERCING: This business has been in operation for over 17 years in the Boise area. They are Idaho’s largest body jewelry emporium! They sell Organics, Special Sizes and have thousands of options to choose from.
-COVID didn’t affect this business, as it was up 9.40% in 2020 and it is up 31.50% this year!
-Great Location, high traffic! Located in the vicinity of the mall.
-Largest body jewelry in Boise, SW Idaho and probably the Northwest!
-Sales have been great during the pandemic! Largest selection of products and BEST prices.
-Why buy online when you can be professionally measured to ensure a perfect fit!
-They are a FULL-SERVICE shop offering body piercings and modification services!
-Piercer works in-store 3-4 days a week and within 7 minutes away if needed.
-Store has a wholesale inventory of over $100,000 in products, with plenty of selections to choose from.
-Their competitors are piercing shops with little or no inventory.
-Price includes items for outside Arts & Festivals and Street Fairs.
-Plenty of opportunities to increase sales through a professional website with ordering capabilities and through social media accounts, which they don’t have now!
This would be a great business for a Husband & Wife “TEAM”.
Prospective Buyers must sign a Confidentiality Agreement as well as provide proof of funds!
- Asking Price: $199,500
- Cash Flow: $56,191
- Gross Revenue: $157,193
- EBITDA: N/A
- FF&E: $78,550
- Inventory: $100,000
- Inventory Included: Yes
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:936
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
936 sq. ft. leased retail space near the mall.
2 Weeks at no cost!
Owner wishes to retire!
Business needs a new website with ordering capabilities and a Buyer with strong social media skills to drive sales!
The venture was started in 2004, making the business 18 years old.
The sale will include inventory valued at $100,000, which is included in the requested price.
The business has 2 employees and is located in a building with approx. square footage of 936 sq ft.
The property is leased by the company for $2,897 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. However, the genuine reason vs the one they tell you might be 2 totally different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of other reasons. This is why it is really essential that you not rely entirely on a vendor's word, however instead, utilize the seller's answer together with your overall due diligence. This will repaint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too small. Numerous organisations fall 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 take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that should be met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new clients? Most times, companies have repeat customers, which form the core of their daily revenues. Specific variables such as new competitors sprouting up around the area, roadway construction, as well as employee turnover can influence repeat customers and also adversely affect future earnings. One vital thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning client base. A final thought is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the regional median family income effect future income prospects?