Listing ID: 81267
Outstanding Profitable Opportunity for an entrepreneur looking to operate and grow a successful and well respected hobby related business. Owner should be able to earn $1M plus after all expenses. This business is poised to grow and has the potential to add many new revenue streams or be expanded on regionally or nationally. SBA available with 500K down.
• 2 Locations in the Stable and Growing Hobby Industry
• Ready to Grow through Additional Locations or even Franchising
• Owner/Operator can earn over $1M per year without growing the business
• Multiple Revenue Streams
• 8 Years of Operating History in the Las Vegas Market
• A Highly Experienced Team and Management in Place
• High Margins and History of Consistent Profitability
• Turn-Key Operations and Fully Staffed with Committed Employees
• Huge Upside Potential to create a Service Dept
• Can Grow Revenue by adding indoor Racing Track
• Excellent Technology and Systems in Place
• Strong Online Sales with an Opportunity to Grow this Segment
• Sellers are willing to Train, Consult and Ensure Smooth Transition
• Outstanding Reputation
For more information including a detailed confidential opportunity summary with financial information and photos, please call Alan Horwitz with Sunbelt Business Brokers at 702-714-0229 or email for a non-disclosure agreement to quickly receive the package at email@example.com NV license # 54316, Business Broker Lic. # 13
- Asking Price: $2,500,000
- Cash Flow: $1,086,000
- Gross Revenue: $4,192,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $400,000
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
80 hours over 4 weeks
The venture was established in 2014, making the business 8 years old.
The sale shall include inventory valued at $400,000, which is included in the suggested price.
The property is leased by the business for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or a range of various other factors. This is why it is very important that you not depend completely on a seller's word, yet rather, make use of the seller's solution in conjunction with your total due diligence. This will paint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that earnings margins are too tight. Many organisations 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 equipment or the building where the business resides. The business may have existing contracts with vendors that have to be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new clients? Many times, companies have repeat clients, which form the core of their everyday profits. Particular factors such as new competitors sprouting up around the area, road building and construction, and staff turnover can influence repeat consumers and adversely impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? How might the local average family income impact future earnings prospects?