Listing ID: 81357
ABSENTEE TURNKEY independent SMOG business with consistent sales and established location! Seller does not have formal P&Ls available. Smog machine can verify gross sales, as reported to the DMV. Great location on major busy street in area with older cars that need smog versus new growth areas with new cars not required to be smogged. Lots of expansion potential; Seller has never spent $1 marketing in 20+ years! Gross Sales are actual for 2021, per Seller. EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org.
- Asking Price: $49,000
- Cash Flow: N/A
- Gross Revenue: $90,000
- EBITDA: N/A
- FF&E: $16,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:100
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 100 square feet with a Total monthly rent of $1,500. Lease has month to month optional renewal. Seller is active with 1 contract staff. Hours of operation are 8:30am to 5:30pm 7 days a week. $15,000 in FF&E included in the asking price. $1,000 made in leasehold improvements. Other Assets include the established location, high visibility on main street, and loyal customer base. Business, DMV Registration, DMV Smog license required.
The venture was started in 2000, making the business 22 years old.
The company has 1 Ind. Contract employees and is located in a building with estimated square footage of 100 sq ft.
The property is leased by the business for $1,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the real factor vs the one they say to you might be 2 entirely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be justifications to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is extremely important that you not rely completely on a vendor's word, however instead, use the seller's solution along with your total due diligence. This will paint a more sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Many businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new customers? Often times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain factors such as brand-new competitors sprouting up around the location, road construction, and also employee turnover can influence repeat clients and adversely affect future revenues. One essential thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to construct a returning client base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood typical home earnings influence future income prospects?