Listing ID: 83084
Business Overview
Sunbelt Business Brokers of New Orleans presents this 35 year old embroidery business for sale in metro New Orleans. This is a fun and creative business to keep you busy! Business is located on the west bank of New Orleans and has more work than it can handle. Company has an extensive list of clientele. Company offers a variety of embroidery items and products such as t-shirts, cups, etc. Business offers a particular service nobody else in the area can compete with store is able to draw in a larger variety of customers. This service adds great additional revenue to the business.
Owner is ready to retire and turn over the this turn-key business to the next owner. Seller will help train and transition new owner. Owner may consider some seller financing for a qualified buyer with a proper down payment. Contact us today for more information on this long standing embroidery business for sale.
Financial
- Asking Price: $250,000
- Cash Flow: $50,833
- Gross Revenue: $453,190
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 1986
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,300
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Available
Retirement
Additional Info
The business was established in 1986, making the business 36 years old.
The deal does include inventory valued at $3,000, which is included in the requested price.
The business has 2Ft employees and resides in a building with disclosed square footage of 3,300 sq ft.
The building is leased by the company for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. However, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is very essential that you not rely absolutely on a seller's word, however instead, use the seller's response together with your overall due diligence. This will repaint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new customers? Most times, businesses have repeat customers, which create the core of their everyday profits. Certain aspects such as new competitors growing up around the area, roadway construction, and staff turn over can impact repeat customers as well as negatively influence future revenues. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the chance to build a returning consumer base. A last 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? How might the regional median household income impact future revenue potential?
