Listing ID: 83940
Main street frontage on the main road, can’t get better than that! Location!Location!Location! Right across the street from infamous MJR Troy Theater & next to Albe’s Bike Shop, Hamilton Animal Hospital & Tropical Smoothie. Large & visible canopy signage with plenty of famous restaurants/retail nearby bringing tons of traffic your way! This building is a duplex unit w/1 side occupied with an awesome long term tenant (has been there for over 20yrs, tenants lease is subject to tenant laws). The empty unit next door features 1,048 sqft of combined office/warehouse space with 2 good size offices up front & warehouse/garage in the back along with 1 bathroom/shower. Warehouse has a very tall overhead garage door w/opener (accessed from back lot that features 12 parking spots) & has heat vents as well as circulation fan. Both units feature individual signs as well as water heaters, updated individual HVAC systems (installed around 2008) & separate panels. You don’t wanna miss out on this one!!!!!
Seller is motivated & would look at all offers!!!!!
See more Detail including Photos & Arial Drone Shots @ www.SibaRealtyGroup.com
- Asking Price: $499,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1932
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
-2 Office, Warehouse, Bathroom on one unit. -Other unit is leased out but has a reception area and two offices along with storage room.
The venture was established in 1932, making the business 90 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nonetheless, the true reason vs the one they tell you may be 2 entirely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is really important that you not depend absolutely on a vendor's word, but rather, utilize the vendor's answer along with your overall due diligence. This will paint an extra practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover points such as stock, payroll, accounts payable, so on and so forth. Remember that sometimes this can imply that revenue margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Often times, businesses have repeat consumers, which create the core of their everyday revenues. Specific elements such as new competition sprouting up around the location, roadway building, and staff turn over can influence repeat clients and also negatively influence future revenues. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the possibility to construct a returning customer base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? How might the local average family income impact future income prospects?