Listing ID: 81030
Ready for small town living and a great opportunity to own your own business on it’s own land? This is it. Dog boarding/grooming with great frontage to main highway. Plans are completed to add a vet service. Building is almost 5000 sq ft. on 2.6 acres, so there is plenty of room to expand. Price includes the complete business and real property, storage containers and inventory
- Asking Price: $600,000
- Cash Flow: N/A
- Gross Revenue: $815,629
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
located on 2.6 acres with 5000 sq ft building. Several dog kennels and storage boxes.
Plans have been draw to add a vet service
The business was founded in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nevertheless, the true reason and the one they tell you may be 2 entirely different things. For instance, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current reduction in revenues, or a variety of various other factors. This is why it is extremely important that you not count absolutely on a vendor's word, but rather, use the seller's answer in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies borrow money in order to cover items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to 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 might have existing agreements with vendors that must be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract brand-new consumers? Many times, companies have repeat consumers, which form the core of their daily earnings. Particular variables such as brand-new competitors growing up around the location, roadway building, as well as staff turn over can influence repeat consumers and also adversely affect future revenues. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood average home earnings effect future revenue potential?