Listing ID: 83987
This is a unique opportunity for a small agency to expand or for a qualified broker looking to build their agency with a highly effective and qualified team. The years of experience and results seen over the last several years make this an opportunity you won’t want to miss. There are several revenue streams that will be presented once an NDA (non-disclosure agreement) is completed. This opportunity is only being presented to select potential buyers and due the highly confidential nature of the business model, specific details can’t be shared until the NDA and non-solicitation agreements are in place.
- Asking Price: $600,000
- 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:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
The company has 16 employees and is situated in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nevertheless, the true factor and the one they say to you might be 2 completely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is really important that you not rely absolutely on a vendor's word, however instead, make use of the seller's answer together with your general due diligence. This will repaint a more reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that revenue margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new customers? Most times, companies have repeat consumers, which form the core of their day-to-day revenues. Particular variables such as brand-new competitors sprouting up around the location, roadway building, as well as personnel turnover can influence repeat clients and also adversely impact future revenues. One essential point to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the neighborhood mean house income effect future earnings potential?