Business Overview

CONVENIENT DOWN TOWN NAIL SERVICES

Financial

  • Asking Price: $125,000
  • Cash Flow: $110,290
  • Gross Revenue: $360,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,000
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Down town

Is Support & Training Included:

1 week training

Purpose For Selling:

Other Business Interest

Pros and Cons:

Classest Game in Town

Opportunities and Growth:

Can add other services

Additional Info

The company was started in 2017, making the business 5 years old.

The business has 8 employees and is located in a building with disclosed square footage of 3,000 sq ft.
The building is leased by the business for $3,800 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the true factor and the one they say to you may be 2 totally different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of other reasons. This is why it is really essential that you not rely absolutely on a seller's word, but instead, make use of the seller's answer in conjunction with your overall due diligence. This will paint a much more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover items such as stock, payroll, accounts payable, and so on. Remember that in some cases this can imply that earnings margins are too small. Numerous businesses fall into 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 may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in new customers? Most times, operating businesses have repeat consumers, which develop the core of their daily profits. Specific aspects such as brand-new competition sprouting up around the area, road building and construction, and staff turn over can impact repeat consumers as well as adversely affect future profits. One crucial thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood typical home income effect future revenue potential?