Business Overview

Great opportunity for a work from home with an online business. Can also attend craft fairs to promote your product. Price is only $30,000. Now Price lowered to $10,000. This is part time for the owner and he has other interests. This can be easily relocated. Plenty of room for growth as this is just being done part time. Plenty of room to add product.

Financial

  • Asking Price: $10,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2016

Detailed Information

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

This is an online business... Can be done out of your home.

Is Support & Training Included:

Yes

Purpose For Selling:

Retiring

Pros and Cons:

Great upside and can add additional products

Additional Info

The company was founded in 2016, making the business 6 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. Nevertheless, the true factor vs the one they say to you might be 2 absolutely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in incomes, or a range of various other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but instead, make use of the vendor's response combined with your total due diligence. This will repaint a more reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that revenue margins are too thin. Many companies fall under 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 take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new customers? Often times, businesses have repeat clients, which form the core of their day-to-day profits. Specific variables such as new competition sprouting up around the area, road construction, and also personnel turn over can impact repeat consumers and negatively affect future revenues. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the opportunity to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood average house income influence future revenue potential?