Listing ID: 83456
Your chance to own your very own business in a growing and proftiable industry. After over two decades of servicing a loyal and growing clientele, this business is for sale for the very first time and represents an incredible opportunity. An efficiently run business with room for additional expansion, this sale includes the FF&E, inventory and the name of the business. Real Estate is not included in the sale, but long and reasonable lease terms are available. The professional and experienced staff is second to none and their expertise would allow for a smooth transition, as the owners have done an excellent job of creating a business which does not rely on them to be profitable, enabling a new owner would be able to develop an understanding of operations right away while business continues as usual. The product lines and inventory carried are the best in the industry and as population growth in Maine continues to be driven by people from more temperate climates, demand for these products will only conitnue to grow. Owners wish to retire but are willing to remain on in a consultative role for a new owner who may have questions. Continue the amazing legacy of this incredible business. Call now, this listing will not remain for long
- Asking Price: $1,322,000
- Cash Flow: $203,501
- Gross Revenue: $1,372,867
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $749,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The deal shall include inventory valued at $749,000, which is included in the listing price.
The business has 7 employees and resides in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $4,150 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nevertheless, the real reason vs the one they say to you might be 2 completely different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or a variety of other reasons. This is why it is really important that you not count completely on a vendor's word, but instead, make use of the vendor's response in conjunction with your overall due diligence. This will paint a more practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses finance loans so as to cover things like stock, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that earnings margins are too thin. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Most times, companies have repeat clients, which create the core of their everyday profits. Particular factors such as brand-new competition growing up around the area, roadway construction, and staff turnover can impact repeat clients and also adversely affect future revenues. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood median household earnings impact future income potential?