Listing ID: 83088
Sunbelt Business Brokers of Pensacola presents this profitable and growing hearing aid center for sale in Escambia County. Business has an excellent reputation in the Northwest Florida area. Store has many repeat customers, many with insurance that covers new hearing aids every few years. Marketing and advertising for the business is turn key and in place. Business has contracts with 4 hearing aid manufacturers to get competitive pricing helping drive new and repeat customers to the business. Business is primed for continued growth and to be scaled. Store has very lean monthly expenses and allows it to maintain a great profit margin. The region the business is located has seen a 7% population increase in the last decade alone. This includes a population demographic of 65 years old and up totaling 17% of the entire market population! This adds a large customer base to market too for hearing services. All stats attributed from the U.S. Census bureau as of 11-8-21.
Owner has decided to sell to pursue retirement. Seller will help train and transition new owner. Business is priced to sell so act fast before its gone. Come meet the owner and see this busy hearing aid center in action. See the great fit for you, be impressed and make an offer today!
- Asking Price: $100,000
- Cash Flow: $60,000
- Gross Revenue: $130,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $4,000
- Inventory Included: Yes
- Established: 2017
- 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
The company was started in 2017, making the business 5 years old.
The deal will include inventory valued at $4,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nonetheless, the true reason and the one they say to you might be 2 entirely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or a range of various other factors. This is why it is extremely vital that you not depend absolutely on a vendor's word, however rather, make use of the vendor's response combined with your general due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too thin. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Particular aspects such as new competitors growing up around the area, roadway building, and personnel turn over can influence repeat customers and adversely affect future earnings. One vital point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to build a returning client base. A final idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the regional average household income impact future income prospects?