Business Overview

Own Your Own Business…….Be Your Own Boss! Retail sales and service of sewing machines. In addition to retail sales, this company provides sewing classes to promote interest in sewing. Trained and experienced employees are in place. This business is ready for a new owner operator. Contact us for more information
Seller’s discretionary earnings for 2020 was $82,715.73.
Priced at: $250,000.00 including salable inventory estimated to be around $125,000.00.

Financial

  • Asking Price: $250,000
  • Cash Flow: $82,715
  • Gross Revenue: $419,612
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $125,000
  • Inventory Included: Yes
  • Established: 2019

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,850
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Leased retail space of approximately 1,850 square feet in shopping center.

Is Support & Training Included:

Seller will train buyer.

Purpose For Selling:

They have a store in a little over 50 miles away and don't want to op both.

Additional Info

The company was started in 2019, making the business 3 years old.
The sale does include inventory valued at $125,000, which is included in the suggested price.

The company has 6 employees and is situated in a building with approx. square footage of 1,850 sq ft.
The real estate is leased by the company for $1,800 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. Nonetheless, the real factor and the one they say to you might be 2 entirely different things. For instance, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of various other factors. This is why it is very vital that you not depend completely on a seller's word, yet rather, use the seller's solution combined with your overall due diligence. This will repaint an extra practical image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that revenue margins are too thin. 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 also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new clients? Often times, operating businesses have repeat clients, which create the core of their everyday earnings. Specific elements such as brand-new competitors growing up around the location, road building, and employee turnover can impact repeat clients and also adversely impact future earnings. One vital point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood mean household earnings influence future income prospects?