Business Overview

Over the years this company has positioned itself as unique in a large surrounding area because of their ability to take a customer’s request from beginning to end. The owner and staff have established great relationships with many vendors and their customers and continues to grow year over year. The products this company provides is a full range of truck accessories which allows for a great selection for a consumer or commercial use vehicle. With strong, consistent earnings the business has tenured staff in place, which allows the business to run itself. The purchaser is buying all the office furniture, computers and all the equipment to run the day-to-day operations. Asking price is $425,000, with gross revenue ($1.88M). Seller Discretionary Cash ($144,000). Contact Rob Formanek, RBA Business Broker 402-505-0100, rob.formanek@resultsba.com for complete details and/or arrange a private tour with the owner. Non-disclosure agreement required before any information can be released.

Financial

  • Asking Price: $425,000
  • Cash Flow: $144,000
  • Gross Revenue: $1,880,000
  • EBITDA: N/A
  • FF&E: $90,000
  • Inventory: $110,000
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,300
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lots of space with front office.

Is Support & Training Included:

Yes owner will stay on to help with transition.

Purpose For Selling:

Retirement

Pros and Cons:

We are the dominant accessory retailer in our market area. Many competitors have come and gone over the years, but none have the consistent success.

Opportunities and Growth:

Use of modern social media and digital advertising, expansion of Lincoln market and new product lines should greatly contribute to healthy growth.

Additional Info

The company was started in 2003, making the business 19 years old.
The deal doesn't include inventory valued at $110,000*, which ins't included in the suggested price.

The company has 9 employees and is located in a building with approx. square footage of 5,300 sq ft.
The building is leased by the business for $3,700 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell companies. Nevertheless, the true reason and the one they tell you may be 2 totally different things. As an example, they might state "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or a variety of various other reasons. This is why it is really vital that you not count absolutely on a seller's word, however instead, make use of the vendor's response combined with your total due diligence. This will paint an extra reasonable picture of the business's existing situation.

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 finance loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that earnings margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location draw in brand-new consumers? Many times, businesses have repeat clients, which develop the core of their daily earnings. Particular factors such as new competitors sprouting up around the area, roadway building and construction, and also personnel turn over can impact repeat clients and negatively affect future profits. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional mean house income impact future earnings potential?