Listing ID: 80945
Take advantage of this great opportunity to own a growing, established business that sells and distributes their products throughout the US and beyond. This company manufactures portable workstations that help organize and transport crafting supplies. Known primarily in the Face and Body Painting industry, this product is poised and ready for someone to expand the product line and take it to the next level. This is a turnkey business that someone could just walk into and take over although the potential for growth is tremendous. There are currently 3 product sizes in many different colors that are in current production. These products are manufactured and assembled in the USA, with distributors located in the US, Netherlands, AU, and Canada. These Workstations are known for their quality and superb functionality and have been shipped to over 24 Nations worldwide.
- Asking Price: $145,000
- Cash Flow: $51,787
- Gross Revenue: $212,542
- EBITDA: N/A
- FF&E: $14,982
- Inventory: $49,775
- Inventory Included: Yes
- Established: 2009
- 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
The company enjoys wonderful flexibility of both location and operations. Currently the company operates the online sales and communication out of the owner’s home office. They have been using a vacuum forming manufacturing company in California and assembling the cases in Idaho. Currently the inventory is stored, assembled, and shipped from the Idaho location, however these services can be outsourced. The buyer has the ultimate flexibility as to where to operate as this is an e-commerce business that is fully set up and running, making this opportunity highly valuable to a wide variety of buyers! (Home Based)
Will train for 12 weeks @ $0 cost. They are currently selling 3 main products, a small, medium, and large model. They also manufacture and sell a number of accessories that are custom made for their products. It has been proven that the accessories are a great addition and money maker for this company.
Needs help with marketing, distribution, and working capital.
Tattoo and body art are two phenomenon that have taken the world by storm in recent times. The face painting industry is booming. Creative expression continues to drive both the professional artist that do face and body painting. Face painting is a popular activity at children’s parties as well as business events and parties. Body art has become popular for photography and social media. Currently there are no major competitors in this industry. These products offer some unique selling points that make them desired in these artistic communities.
These products have so much potential for growth that could possibly be achieved with just some creative marketing right off the bat. There are so many untapped industries that these products could be used in that could be sold all over the world
This Business Is Home Based
The venture was established in 2009, making the business 13 years old.
The deal shall include inventory valued at $49,775, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not depend completely on a seller's word, yet instead, utilize the vendor's answer combined with your general due diligence. This will repaint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like inventory, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too small. Many businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments 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 vendors that should be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new customers? Many times, companies have repeat consumers, which form the core of their day-to-day revenues. Certain variables such as new competition growing up around the location, roadway building and construction, and personnel turn over can affect repeat clients and also adversely affect future profits. One important point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business often, the greater the chance to develop a returning consumer base. A last 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 neighborhood mean home income effect future income potential?