Listing ID: 74805
This unique franchise is your go-to source for saving distressed and damaged furniture, cabinets and other wooden surfaces. NO CONTRACTORS LICENSE REQUIRED! The seller says the business has huge untapped potential and by adding more tech’s and a salesperson business could surpass $1m gross revenue annually. Franchise training for one week to give the new owner the best chance at being successful. Seller willing to also offer extensive post-close training. Please contact listing agent to learn more about this big potential business. For a quick response to your inquiry, please contact listing agent Mounir Bousaid (RE# S.0178371; Business Broker Permit# BUSB.0006910).
- Asking Price: $120,000
- Cash Flow: N/A
- Gross Revenue: $235,305
- EBITDA: N/A
- FF&E: $3,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,386
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 4,386 square feet with a Total Monthly Rent of $4,366. Lease ends 2024 with One 5 year option. Seller is active in the business with 2 FT employees and 1 Independent Contractor. Hours of operation are 8am-4:30pm Monday to Friday. $3,000 in FF&E included in asking price.
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This Business Is An Established Franchise
The venture was started in 2015, making the business 7 years old.
The company has 2 FTE, 1 IC employees and resides in a building with approx. square footage of 4,386 sq ft.
The property is leased by the company for $4,366 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. However, the genuine factor and the one they say to you might be 2 entirely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really essential that you not rely completely on a seller's word, but rather, use the seller's answer together with your total due diligence. This will paint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover items like supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that revenue margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new consumers? Often times, businesses have repeat clients, which form the core of their daily revenues. Certain factors such as new competitors sprouting up around the location, roadway building, and staff turnover can influence repeat customers and also negatively influence future incomes. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional median home income effect future revenue potential?