Listing ID: 80952
Business Overview
This long-established, professional retail and service business with a solid customer base has a trained professional staff in place.
This Business is considered a part of the community and is located on a busy main street in a sought-after part of town in a very high traffic shopping center. The business has gained an excellent reputation from locals, visitors and repeat customers for its variety of offerings and service. Long-standing, dedicated, experienced and skilled staff can help with continued success of this business.
Clean and organized retail showroom and back “office” repair. Great visibility to vehicle and foot traffic with customer parking including private parking for owners and staff
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.
From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.
Financial
- Asking Price: $325,000
- Cash Flow: $135,891
- Gross Revenue: $330,242
- EBITDA: N/A
- FF&E: $23,000
- Inventory: $89,000
- Inventory Included: Yes
- Established: 1980
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Leased 1,300 sq. ft. $3,021 ($2,337 plus CAM $684) Clean retail showroom and space for repair and service . Great visibility to passing foot traffic with ample customer parking including private parking for owners and staff. Super location in a very busy shopping center. Exclusive clause in the lease for this business type, lots of parking, extensive client base, great service and reputation, and favorable lease and terms. Vault safes, security system, display cases, and other fixtures furniture equipment included.
30 days 20 Business days of training included in sale with long term consultancy to be agreed on in separate agreement.
Retirement
This business is very well known and longtime family run, great client base, with super service and reputation.
e-Commerce could boost the sales and profits by using the current website and social media. Extend hours and services. This is a word-of-mouth business and it does very well, extend advertising and add social media for larger client base!
Additional Info
The company was established in 1980, making the business 42 years old.
The deal will include inventory valued at $89,000, which is included in the asking price.
The company has 2 employees and is situated in a building with approx. square footage of 1,300 sq ft.
The building is leased by the company for $3,021 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. However, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or an array of various other reasons. This is why it is very essential that you not count completely on a seller's word, yet instead, make use of the vendor's solution combined with your overall due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that revenue margins are too tight. Lots of 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 consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Most times, operating businesses have repeat clients, which form the core of their everyday profits. Specific elements such as new competition growing up around the location, road construction, and personnel turnover can affect repeat clients and negatively influence future incomes. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the chance to build a returning client base. A last idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood median house earnings influence future revenue potential?
