Listing ID: 82212
A passion project that has rapidly turned into a business is available for sale. This
business provides a mobile beverage distribution service with their unique assets that could sit well in multiple settings (weddings, tailgates, corporately branded promotions, food truck service add on, etc.) This is the opportunity for an entrepreneur or established business to acquire the vital assets and
grow an amazing business opportunity. Rather than invent the wheel, make the wheel work for you and build on the momentum of the demand to create lifetime experiences for clients in various settings by acquiring a ready for market business concept and its unique assets.
- Asking Price: $240,000
- Cash Flow: N/A
- Gross Revenue: $35,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
1941 Chevy Beer Truck
Owner will assist in a smooth transition
The company was founded in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of various other factors. This is why it is extremely vital that you not depend absolutely on a vendor's word, however instead, utilize the seller's response along with your general due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can imply that earnings margins are too thin. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new customers? Most times, operating businesses have repeat clients, which form the core of their daily earnings. Specific variables such as new competition sprouting up around the location, road construction, and also staff turnover can impact repeat consumers as well as negatively affect future earnings. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the possibility to build a returning customer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? Just how might the regional mean family income influence future revenue potential?