Listing ID: 81600
This store is a hidden a gem in the western suburbs of Chicago that offers many unique items with multiple uses for the well kept property that comes with the business. The store offers many kinds of international jewelry, beads, fossils, crystals, home scents, bath & body items, and clothing. The inventory is tied into an easy point of sale system and the store can be run semi absentee. This store has been featured on the news and written up in large publications based on its special appeal. Anyone even minutely interested in a well run, unique business focused around new age, holistic healing, beads, and/or artistry should give this a look further! The building alone is well worth reviewing as there are multiple uses for parties, exercise classes, and/or catered events. Amazing curb appeal at the front and back of building!
- Asking Price: $495,000
- Cash Flow: N/A
- Gross Revenue: $168,000
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $150,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The deal will include inventory valued at $150,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. However, the true reason vs the one they say to you may be 2 completely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other factors. This is why it is extremely crucial that you not count completely on a vendor's word, however instead, use the seller's answer together with your general due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies finance loans in order to cover things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too tight. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day profits. Certain variables such as new competition sprouting up around the location, roadway building and construction, and also personnel turn over can impact repeat clients as well as adversely affect future profits. One important thing to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning consumer base. A last idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood mean household income effect future earnings prospects?