Listing ID: 83686
Founded and ran for over 25 years by a former president of the Maryland Motorcoach Association, this business is primed for new ownership to reap the rewards of an industry set to come back to roaring back to life after COVID-19. Ask us about how many clients are already scheduling and booking for Spring 2022!
While some attention will be required to get the six-bus fleet road ready again, current ownership has promised to guide the buyers through this not-difficult process. The price of the business has been appropriately discounted to reflect this additional equity requirement.
Beyond the already buzzing sales line and inventory of buses included in the sale, buyers of this business will inherit the goodwill earned through leadership positions current ownership has taken in some of the biggest industry trade associations. Don’t miss out on this opportunity that provides the owner with flexibility on where they to work, opportunities for expansion, and opportunities to travel the country.
- Asking Price: $511,745
- Cash Flow: N/A
- Gross Revenue: $666,920
- EBITDA: N/A
- FF&E: N/A
- Inventory: $345,000
- Inventory Included: Yes
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Full office and reception area with onsite diesel refuel station for the buses.
The company was founded in 1996, making the business 26 years old.
The transaction shall include inventory valued at $345,000, which is included in the asking price.
The building is leased by the company for $2,700 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a variety of various other reasons. This is why it is extremely essential that you not rely completely on a vendor's word, yet rather, make use of the vendor's solution together with your overall due diligence. This will paint an extra sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that earnings margins are too small. Many organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their daily revenues. Specific elements such as new competition sprouting up around the location, roadway building and construction, as well as employee turnover can impact repeat consumers and negatively impact future profits. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? Just how might the neighborhood median family earnings effect future income potential?