Listing ID: 83078
World’s premium Pool and Billiard Cue manufacturer has grown by 46% from 2018 -2020. Continued rapid growth is expected moving forward with its expansion of dealer networks throughout the world.
The product manufacturing line includes a full range of premium Pool and Billiard Cues serving amateur and professional players alike throughout the world.
This is a rare opportunity to purchase a globally recognized brand with a backlog of orders.
The Seller will stay on through transition and as a company spokesperson indefinitely.
The real estate is 2 Acres plus a manufacturing facility which can be purchased for an additional $650,000.
- Asking Price: $3,600,000
- Cash Flow: $1,050,000
- Gross Revenue: $2,490,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 absolutely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or an array of other reasons. This is why it is extremely important that you not count completely on a vendor's word, but instead, make use of the vendor's answer along with your general due diligence. This will paint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Certain factors such as new competitors sprouting up around the area, road building, and employee turn over can influence repeat consumers and also adversely impact future incomes. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the better the opportunity to construct a returning customer base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the regional median house earnings effect future income prospects?