Business Overview

E-Commerce Office Furniture Business –Established business with a solid reputation in the industry. The business sells office furniture, both new and used, including office desks and chairs, training tables and meeting furniture, and office storage furniture. Services include office furniture planning, delivery, assembly, and office furniture liquidation. The business has invested in state-of-the-art SEO for its website and has an impressive catalog. The business was established five years ago by its current ownership. The business is uniquely positioned to leverage today’s digital online shopping culture.

Financial

  • Asking Price: $139,000
  • Cash Flow: $50,000
  • Gross Revenue: $347,910
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a home-based business and is relocatable.

Purpose For Selling:

Retirement

Additional Info

The company was founded in 2017, making the business 5 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 totally different things. As an example, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other factors. This is why it is very vital that you not count totally on a vendor's word, however instead, use the seller's response in conjunction with your total due diligence. This will paint a more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that earnings margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new customers? Often times, operating businesses have repeat customers, which create the core of their everyday profits. Specific elements such as brand-new competition growing up around the area, roadway building and construction, as well as personnel turnover can impact repeat clients as well as adversely affect future revenues. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the chance to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local median house income impact future income potential?