Listing ID: 81057

Business Overview

This dance supply company is a locally owned & operated dancewear boutique that strives to supply dancers with a superior shopping experience providing a wide range of dance apparel and products for all. Support and Training will be outstanding ensuring a smooth transition. The seller states that the experienced and dedicated staff will all be willing to stay on with the new owner of this business. For more information including a detailed confidential opportunity summary with financial information and photos, please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE#S.0183611.LLC; Business Broker Permit# BUSB.0006978) at trent@fcbb.com.

Financial

  • Asking Price: $90,000
  • Cash Flow: $50,993
  • Gross Revenue: $165,988
  • EBITDA: N/A
  • FF&E: $12,000
  • Inventory: $45,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,200
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 1,200 square feet with a Total monthly rent of $2,489. Lease ends 02/2024 with One 3-year options. Seller is active with 2 PT employees. Hours of operation are 11am - 5pm Monday to Thursday and 11am - 4pm Friday to Saturday. $45,000 in inventory and $12,000 in FF&E included in the asking Price.

Is Support & Training Included:

14 days

Purpose For Selling:

Moving out of State

Additional Info

The venture was established in 2019, making the business 3 years old.
The deal shall include inventory valued at $45,000, which is included in the requested price.

The company has 2 PT employees and is located in a building with disclosed square footage of 1,200 sq ft.
The property is leased by the business for $2,489 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. Nevertheless, the true reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is extremely important that you not rely entirely on a seller's word, but instead, utilize the vendor's response in conjunction with your total due diligence. This will repaint a much more reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that earnings margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be met or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location bring in brand-new customers? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Specific elements such as new competitors sprouting up around the location, roadway building, and also staff turn over can affect repeat customers and also negatively impact future incomes. One important thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the chance to develop a returning client base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the local mean household income effect future earnings prospects?