Listing ID: 80922
This residential and commercial window, glass, doors and mirrors business has been around for decades. Their established reputation has little competition and a loyal client base. The sellers would like to retire and let the legacy of the business live on. Seller owns the real estate and would consider selling the real estate or offering a lease to the new business owner. Don’t miss this incredible opportunity!
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- Asking Price: $265,000
- Cash Flow: $134,558
- Gross Revenue: $734,316
- EBITDA: N/A
- FF&E: $50,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Commercial Condo, owned by the seller with 4,400sqft. Centrally located, easily accessible with plenty of parking. Lease and terms to be negotiated.
Yes, 4 weeks.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nevertheless, the true reason and the one they say to you may be 2 completely different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is extremely important that you not depend completely on a vendor's word, but rather, use the vendor's solution together with your total due diligence. This will repaint a much more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Often times, companies have repeat customers, which form the core of their daily revenues. Particular variables such as new competitors growing up around the area, road building, as well as personnel turn over can influence repeat consumers and also adversely influence future incomes. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the better the possibility to build a returning client base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the local average household income effect future revenue potential?