Business Overview

Recently-renovated, fully-furnished sober house for men with 20+ beds. The residence features a spacious common space, large bedrooms, and an expansive yard. The future owner(s) of this recovery residence will benefit from the following:
* Totally turnkey business.
* Reliable revenue stream.
* Recession proof business.

Financial

  • Asking Price: $90,000
  • Cash Flow: $55,000
  • Gross Revenue: $239,300
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

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:1
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Extensive training and resources will be provided.

Additional Info

The company has 1 employees and resides in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the true factor vs the one they tell you may be 2 totally different things. For instance, they may state "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of various other factors. This is why it is very vital that you not depend completely on a seller's word, but rather, utilize the seller's response combined with your general due diligence. This will paint an extra realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location draw in brand-new customers? Most times, companies have repeat clients, which create the core of their daily earnings. Particular variables such as new competition growing up around the area, roadway construction, as well as personnel turn over can impact repeat clients and also adversely impact future revenues. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the better the possibility to construct a returning client base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional typical home income impact future income potential?