Listing ID: 82629
Business Overview
SALE Price includes real estate at $1,450,000!!
Located in beautiful central Montana, this manufacturing business is primed for 2x, 3X growth or more.
Price includes real estate valued at $1,450,000. It makes plastic pet products sold in large box stores and a very large online retailer and bottles and sells special pure artesian water from its own well especially suited for the Betta (Siamese Fighting) fish.
Its pure artesian water is UV purified, is chlorine, chloramine and ammonia free, and comes ready to use with essential electrolytes.
The Company has been producing superior quality full-line pet products for pets and their dedicated owners since the mid 1990’s. Its products include items for dogs, cats, small animals, exotics, aquatics and hermit crabs.
The Seller has excellent ideas for growth and is willing to work with the buyer to implement those ideas.
Financial
- Asking Price: $2,950,000
- Cash Flow: $548,000
- Gross Revenue: $1,930,000
- EBITDA: N/A
- FF&E: $700,000
- Inventory: $400,000
- Inventory Included: N/A
- Established: 2000
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:16,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The Company operates out of 16,000 sf facility on 3.65 acres valued at $1,450,000.
Seller is pursuing other interests.
Additional Info
The business was started in 2000, making the business 22 years old.
The sale shall not include inventory valued at $400,000*, which ins't included in the asking price.
The business has 6 employees and is located in a building with approx. square footage of 16,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of other factors. This is why it is very vital that you not depend entirely on a seller's word, yet instead, use the seller's solution in conjunction with your general due diligence. This will paint a more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that revenue margins are too thin. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to 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 may have existing contracts with vendors that must be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new customers? Most times, companies have repeat customers, which develop the core of their daily revenues. Particular aspects such as new competition sprouting up around the area, roadway building and construction, as well as employee turnover can influence repeat clients as well as adversely affect future earnings. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? Just how might the local typical home income impact future revenue prospects?
