Listing ID: 81456
This business has been making custom pin buttons since 1973. The current owner has owned the business since it opened and is looking to retire. This business has made custom pin buttons for anything from a birthday party to a state fair. A new owner could grow this business by updating the website. This business has many repeat long term customers. This business could be expanded into other advertising or promotions sectors.
- Asking Price: $120,000
- Cash Flow: $50,000
- Gross Revenue: $271,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $20,000
- Inventory Included: N/A
- Established: 1973
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Business will need to be moved to new location as current building has been sold.
Owner will provide training and support for a smooth transition. PLEASE BE ADVISED: PRIOR TO THE RELEASE OF ANY CONFIDENTIAL INFORMATION, THE SELLER REQUIRES ALL BUYERS TO DISCLOSE THEIR FINANCIAL QUALIFICATIONS THROUGH COMPLETION OF A CONFIDENTIAL BUYER QUESTIONNAIRE ALONG WITH A NON-DISCLOSURE AGREEMENT. SELLER’S APPROVAL OF SAME IS REQUIRED BEFORE CONFIDENTIAL INFORMATION IS RELEASED. PLEASE CONTACT OUR OFFICE FOR THE FORMS AT 800-636-7046
A little digital marketing will go a long way with this business. The new owner could grow the business by harnessing all that social media has to offer, updating the existing website, and utilizing SEO best practices.
The business was founded in 1973, making the business 49 years old.
The sale won't include inventory valued at $20,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. However, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is very essential that you not count absolutely on a seller's word, but rather, use the seller's response together with your total due diligence. This will repaint a more realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering things such as inventory, payroll, accounts payable, etc. Remember that in some cases this can suggest that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area attract new consumers? Many times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific elements such as new competitors growing up around the area, roadway building, and also employee turnover can affect repeat clients and also adversely influence future profits. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the greater the possibility to develop a returning client base. A final idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the local average home income effect future revenue prospects?