Listing ID: 81293
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Welcome to this extremely well established (since 1992) Casino supply company that services casinos, casino entertainment companies, table builders, the public, furniture builders and more! The selling price includes $193,000 in inventory which also includes custom molds and designs. The seller is ready to retire which gives you the opportunity of a lifetime! Work from home business, INCREDIBLE income that has been growing year after year, even through Covid. Please request more information to receive an NDA which you must fill out completely and you’ll receive a link to the Confidential Business Review for this incredible business.
- Asking Price: $990,000
- Cash Flow: $446,010
- Gross Revenue: $950,888
- EBITDA: $446,010
- FF&E: N/A
- Inventory: $193,000
- Inventory Included: Yes
- Established: 1992
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
You'll need the warehouse space, but work out of your home! This is an E-Commerce website that you can handle from the comfort of home. The inventory will need the space of the current warehouse that you can continue to lease, or put into a new location of your own. The lease is a month to month lease. The unit is 1300 sq ft with 30' ceilings. (Home Based)
Seller will train for 30 days (hours to be determined when in escrow).
Seller wants to retire
Nobody out there competes with the quality and supply this business has.
You can grow until you're ready to stop growing. You can add products, equipment and customers if you like.
This Business Is Home Based
The company was established in 1992, making the business 30 years old.
The sale does include inventory valued at $193,000, which is included in the requested price.
The business has 1 employees and resides in a building with approx. square footage of 1,300 sq ft.
The real estate is leased by the business for $700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the real factor vs the one they tell you may be 2 totally different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is really vital that you not count completely on a seller's word, but rather, utilize the vendor's answer along with your overall due diligence. This will paint a much more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money with the purpose of covering things such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new consumers? Many times, operating businesses have repeat consumers, which create the core of their daily revenues. Certain elements such as brand-new competitors sprouting up around the location, road construction, and also staff turnover can affect repeat customers and adversely influence future earnings. One vital thing to take into consideration is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to develop a returning consumer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the neighborhood mean family earnings impact future earnings potential?