Business Overview

This long standing technology solutions business has been open for a generation+ and has transformed along with the quickly changing times in technology. It is ready for someone to run with it since the current owner is needing to step back and slow down. Owner is willing to stay on, not just to train, but to work as an employee long as the buyer desires. With a database of over 20,000 customers over the years, it’s set you up for customer contacts as well. Great location and known everywhere for excellent service and solutions. There’s no one that offers the same services in the entire area. Make it yours today!

Financial

  • Asking Price: $250,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $5,000
  • Inventory Included: Yes
  • Established: 1963

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

semi retirement

Additional Info

The business was founded in 1963, making the business 59 years old.
The sale does include inventory valued at $5,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of various other reasons. This is why it is really crucial that you not count totally on a vendor's word, however instead, use the seller's response along with your total due diligence. This will paint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Many companies finance loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also 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 agreements with vendors that must be fulfilled or might cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area draw in new customers? Many times, companies have repeat consumers, which form the core of their day-to-day revenues. Certain variables such as new competition sprouting up around the area, roadway construction, as well as staff turn over can affect repeat customers as well as negatively influence future profits. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the higher the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Just how might the regional typical house earnings effect future earnings potential?