Listing ID: 82727
Business Overview
This SaaS company has a fully developed and implemented platform designed to facilitate the wellness, healing centers, and independent therapists markets. This online marketplace assists any individual searching for complementary and alternative therapies to improve health. The business has 1.4 million potential Clients who have a potential 118 million Customers. The company will assist the buyer for 6 months to fully implement the program to provide the time to develop their marketing platform. The seller is willing to offer technical support to the successful buyer for 6 months to help the ramp up time. The seller is also willing to hold an aggressive note based on the buyer’s commitment.
Financial
- Asking Price: $1
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
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:5
- Furniture, Fixtures and Equipment:N/A
One year of support at $0 cost
Other opportunity
Non-Compete: 100 miles for 3 years
Additional Info
The company was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. However, the real factor and the one they say to you may be 2 totally different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of various other reasons. This is why it is extremely essential that you not rely entirely on a vendor's word, yet rather, make use of the vendor's response together with your overall due diligence. This will repaint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that earnings margins are too thin. Numerous businesses fall into 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 commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new customers? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Certain aspects such as new competitors growing up around the area, road construction, as well as personnel turnover can influence repeat consumers and also negatively affect future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to develop a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the regional average home income effect future earnings prospects?
