Business Overview

Specialty garments & furniture cleaning, refinishing, & repair services business looking for the right entrepreneur to take advantage of the established business and create a national offering through social media and strategic partners. The products, services, and process are set. The equipment is state of the art and well maintained. A forward-thinking operator will have a hay day with this opportunity both in the current multi-state market and expanding nationally. Owner is willing to mentor new buyer. The building is available for purchase. For more information, call Mark Sauter at 314.306.3855 or info@premierbb.com.

Financial

  • Asking Price: $295,000
  • Cash Flow: $64,663
  • Gross Revenue: $386,604
  • EBITDA: N/A
  • FF&E: $125,000
  • Inventory: $9,890
  • Inventory Included: N/A
  • Established: 1961

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:7,179
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Building Lease 7,179 sq. ft. @ $4,000 per month (Real Estate available for an additional $450,000)

Is Support & Training Included:

Yes

Purpose For Selling:

Retirement

Opportunities and Growth:

Focus on Web Advertising

Additional Info

The business was founded in 1961, making the business 61 years old.
The sale doesn't include inventory valued at $9,890*, which ins't included in the suggested price.

The business has 3FT/3PT employees and resides in a building with approx. square footage of 7,179 sq ft.
The real estate is leased by the business for $4,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. However, the real reason and the one they tell you might be 2 absolutely different things. As an example, they may state "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competition, current reduction in revenues, or a range of other reasons. This is why it is extremely essential that you not depend totally on a vendor's word, but instead, make use of the vendor's response combined with your total due diligence. This will paint an extra sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can indicate that profit margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with 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 may have existing contracts with suppliers that should be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in brand-new customers? Most times, companies have repeat clients, which form the core of their everyday revenues. Certain variables such as new competition sprouting up around the location, roadway building and construction, and also personnel turnover can affect repeat customers and also negatively influence future earnings. One important point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to build a returning client base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the local median household earnings influence future income prospects?