Listing ID: 83525
A unique and well-established Antique, Home Décor, Consignment and Furniture Restoration business which has evolved into both a destination and on-line shopping location. Real Estate is also available and consists of two buildings with 3,100 square feet of retail space and abundant storage and workspaces. A great investment business opportunity with 6-8 vendors, in addition to the vintage furniture and antique inventory. Easily managed with established consignment agreements which include retail labor. A strong customer base social media following and strong community support.
- Asking Price: $85,000
- Cash Flow: $44,000
- Gross Revenue: $113,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $35,000
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,100
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2009, making the business 13 years old.
The sale won't include inventory valued at $35,000*, which ins't included in the listing price.
The company has 1 employees and is located in a building with disclosed square footage of 3,100 sq ft.
The real estate is leased by the company for $2,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the true factor vs the one they tell you might be 2 entirely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in incomes, or a range of other reasons. This is why it is extremely vital that you not rely absolutely on a seller's word, yet instead, make use of the seller's solution combined with your total due diligence. This will paint an extra sensible picture of the business's existing situation.
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 deal. Lots of companies borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that earnings margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new customers? Many times, operating businesses have repeat clients, which create the core of their everyday profits. Specific aspects such as brand-new competition sprouting up around the location, road construction, and employee turn over can influence repeat customers and negatively influence future incomes. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the higher the possibility to construct a returning client base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? How might the regional mean home earnings influence future income potential?