Listing ID: 81024
Business Overview
Contact TPG Company for additional information.
Las Vegas Nevada Flooring Company Available
Owner Op# HBR164632
Financial
- Asking Price: $2,500,000
- Cash Flow: N/A
- Gross Revenue: $5,250,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2003
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,500
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Yes
Retiring from the Industry
Additional Info
The venture was started in 2003, making the business 19 years old.
The business has 13 employees and is located in a building with approx. square footage of 8,500 sq ft.
The real estate is leased by the company for $10,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 completely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is extremely crucial that you not count entirely on a seller's word, however instead, use the vendor's response together with your total due diligence. This will paint a more practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new consumers? Many times, operating businesses have repeat clients, which develop the core of their everyday earnings. Certain variables such as new competitors sprouting up around the area, roadway building, and personnel turn over can influence repeat customers as well as adversely influence future revenues. One essential point to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning customer base. A final thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the local average house income impact future revenue prospects?
