Listing ID: 81081
This is an owner-operated cell phone accessory, repair and sales store. The current owner has 2 other stores and is too busy to operate this location. He has 2 employees who handle day to day operations. 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 email@example.com.
- Asking Price: $75,000
- Cash Flow: $71,362
- Gross Revenue: $289,383
- EBITDA: N/A
- FF&E: N/A
- Inventory: $40,000
- Inventory Included: N/A
- Established: 2017
- 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
This is a leased location of 1,200 square feet with a Total Monthly Rent of $2,600. Lease ends 2022 with One 5 year option. Seller is active in the business with hours of operation 10AM-7PM Monday to Saturday. $40,000 in Inventory is not included in the asking price.
Seller is too busy and doesn't have the time for the store
The business was established in 2017, making the business 5 years old.
The transaction doesn't include inventory valued at $40,000*, which ins't included in the listing price.
The business has 2 employees and is situated in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the company for $2,600 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell companies. Nonetheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they might state "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not count absolutely on a seller's word, however rather, utilize the seller's response together with your general due diligence. This will paint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that earnings margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Many times, companies have repeat clients, which form the core of their daily revenues. Specific factors such as brand-new competition sprouting up around the location, roadway building and construction, as well as personnel turnover can influence repeat consumers and negatively affect future earnings. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A last thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local median house earnings influence future income prospects?