Listing ID: 72893
Producing Insurance Offices for sale in Oklahoma. These are insurance branches from one insurance company (not independent).
Current listings are below:
Broken Arrow $1,779,952.00
Ponca City $1,431,988.00
Sand Springs $2,696,483.00
- Asking Price: $500,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the real factor and the one they say to you may be 2 completely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in incomes, or an array of various other factors. This is why it is extremely crucial that you not depend totally on a vendor's word, but rather, use the seller's answer combined with your general due diligence. This will repaint a more practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract brand-new customers? Often times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain aspects such as new competitors growing up around the location, roadway building and construction, as well as personnel turn over can impact repeat clients as well as negatively affect future earnings. One essential point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the possibility to build a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood typical family income impact future earnings prospects?