Listing ID: 83907
Looking for a Lifestyle Change? Own this very attractive corner lot with a commercial/multipurpose building. Centrally located in downtown Oscoda and currently operated as Truly Yours~ Signs, Shirts and Framing. Multi-business opportunity under one roof with abundant parking. Currently available for sale ala carte; 3 thriving businesses on separate “Bill of Sale”; a Sign Shop offered at $75k, an Embroidery Shop offered at $75k and a Custom Frame Shop offered at $35k. All can be available for the one price under one roof or if you have other ideas, the building alone for $350k. Retire and enjoy – “Living the Dream” by owning, and conducting business all from this 4,500 SF building… Endless possibilities. Just a few blocks away from the pristine beaches of Lake Huron and the AuSable River. The storefront itself has a lot of possibilities: Retail, Restaurant, Mini Mall w/ Lease options, Art Gallery w/ Framing?? Business books available for review with an acceptable offer. A confidentiality agreement will be a required prior to review of the personal financial information of both parties. Serious inquiries with Buyers to be Preapproved. Hurry… Skies the limit with Oscoda’s growth potential! Schedule your personal tour today!
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,458
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Commercial/Multipurpose Building w/ parking lot and three thriving businesses w machinery & inventory for $450k: Or businesses available separately: Sign Shop offered at $75k, an Embroidery Shop offered at $75k, a Custom Frame Shop offered at $35k. Or building available separately offered for $350K
This established (35 yrs) multifaceted business opportunity is located in the heart of down town Oscoda. Just a short walk from the beach and Lake Huron. It is the only multipurpose business in town offering these type of business services under one roof! Established clientele base. Endless possibilities in this prime location!
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 totally different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is really crucial that you not count entirely on a vendor's word, yet instead, make use of the vendor's solution in conjunction with your overall due diligence. This will paint a much more practical picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover things such as inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that revenue margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new customers? Many times, companies have repeat consumers, which create the core of their everyday profits. Particular aspects such as brand-new competition growing up around the location, road construction, and also staff turn over can affect repeat consumers and also negatively influence future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the possibility to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood mean family earnings impact future earnings potential?