Listing ID: 82658
A complete EASY turn key business. For sale , a complete turnkey small engine repair and retail gold mining supplies business located in western Montana., established in 1981, with loyal repeat customers. Seller is willing to stay to ensure a smooth transition. Seller states that there is a great opportunity to increase the bottom line by adding addition staff, more internet marketing and opening on Saturdays. Seller will consider all offers to carry financing. SW Montana. For additional information please contact listing agent Quin Rasmussen at 406-431-6260 or email@example.com
- Asking Price: $120,000
- Cash Flow: $47,792
- Gross Revenue: $85,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $80,000
- Inventory Included: Yes
- Established: 1981
- 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
This is a leased location of 1,500 square feet with a Total Rent of $600. Seller is active in the business. Hours of operation are 9 AM to 6 PM, Monday - Friday. $80,000 in Inventory included in Asking Price.
The business was founded in 1981, making the business 41 years old.
The transaction does include inventory valued at $80,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 totally different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or an array of other reasons. This is why it is extremely important that you not depend totally on a seller's word, however instead, make use of the vendor's response along with your total due diligence. This will paint a much more practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that profit margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back various 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 building where the business resides. The business might have existing agreements with vendors that should be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Many times, companies have repeat customers, which create the core of their daily profits. Certain variables such as new competition sprouting up around the location, roadway building and construction, as well as staff turnover can affect repeat clients and negatively impact future earnings. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the higher the possibility to develop a returning client base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local typical household income effect future revenue prospects?