Listing ID: 82513

Business Overview

This is not a Franchise. Attention Garden and Landscaping Centers! Add concrete statuary to your retail store and make incredible margins. This business system provides you with the instruction and support you need to pour your own concrete statues. Included in the purchase is three days of onsite training in our Overland Park, KS store. $10,000 (Retail Value) of Product Inventory for you to immediately begin selling in your store. Twenty of our most popular molds for you to begin pouring your own statues, a $25,000 value. Additional molds can be purchased at your request. A large, radius protected territory in your market.
Don’t have the desire to produce your own statues? Contact us for a wholesale product package at a Reduced Rate.
Classic Statuary located in Overland Park, Kansas has been building outdoor statues for 60 years. The current owner is offering to sell the business system in order for others to be able to produce their own statues in their location. The owner believes that the ideal buyer for this business system is likely to be someone already in the lawn and garden business and wishes to add this product line to their retail operation. Due to the seasonal nature of most lawn and garden center’s, adding this system allows the buyer to have a seasonal employee or two remain with your business and pour concrete statues. Currently, retail prices are sold at 3-10X cost to produce. A statue with material and labor cost of $9 will generally retail for $100
Most centers have few competitors who actually pour their own cast concrete statues
By owning the right to your territory, you can retail and wholesale as many statues as you like.

Financial

  • Asking Price: $75,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: N/A
Purpose For Selling:

Multiple units are available across the United States.

Additional Info

The deal will include inventory valued at $10,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell businesses. However, the real factor and the one they say to you might be 2 completely different things. As an example, they might claim "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is extremely important that you not count totally on a vendor's word, but rather, make use of the vendor's response together with your total due diligence. This will repaint a more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover things like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be satisfied or may cause penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract brand-new customers? Many times, companies have repeat consumers, which create the core of their everyday profits. Certain aspects such as new competitors growing up around the area, roadway construction, and personnel turnover can affect repeat consumers and also adversely affect future profits. One vital point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the better the chance to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood mean home earnings impact future earnings potential?