Listing ID: 81240
1,200 square ft. building in prime commercial location just west of Aultman Street and Great Basin Hwy intersection. Building has been used for storage for years. Has all utilities and includes 2 lots totaling over 10,000 square ft. Large open space inside allows buyer to customize to suit their own needs.
- Asking Price: $99,500
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. However, the real reason and the one they tell you might be 2 entirely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a range of various other reasons. This is why it is extremely vital that you not depend completely on a seller's word, however rather, utilize the seller's solution along with your total due diligence. This will paint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Certain variables such as brand-new competition growing up around the area, roadway building, and also personnel turn over can influence repeat consumers and also negatively affect future revenues. One crucial thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the neighborhood mean household earnings effect future income prospects?