Business Overview

This audio business offers sales, installation of audio equipment, rims, and much more. The business has connections with finance companies that offer great deals for the consumer. Installer in-place and great layout make this business ready to expand. Great Google reviews.

Financial

  • Asking Price: $129,000
  • Cash Flow: $72,498
  • Gross Revenue: $357,000
  • EBITDA: N/A
  • FF&E: $80,000
  • Inventory: $20,000
  • Inventory Included: N/A
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,800
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

state of the art equipment, professional installations, waiting area, retail area.

Is Support & Training Included:

14 days

Purpose For Selling:

moving out of state

Additional Info

The company was founded in 2019, making the business 3 years old.
The deal doesn't include inventory valued at $20,000*, which ins't included in the suggested price.

The business has 2 employees and is situated in a building with estimated square footage of 1,800 sq ft.
The real estate is leased by the company for $1,464 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why individuals decide to sell businesses. However, the true factor and the one they say to you may be 2 completely different things. For instance, they may claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of various other factors. This is why it is really vital that you not depend entirely on a vendor's word, however instead, utilize the seller's answer in conjunction with your overall due diligence. This will paint an extra sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location bring in new customers? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular elements such as new competition growing up around the area, roadway building, and employee turn over can impact repeat consumers and negatively influence future earnings. One vital point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the better the chance to build a returning client base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood median household earnings influence future revenue prospects?