Business Overview

Nationally recognized franchise with over 30 years of workmanship and is known for their excellence, competitive pricing, and training program. Home based franchise mobile unit opportunity in Metro Atlanta. Current owner has run the business for seventeen years as a sole proprietorship establishing his customer base restoring and repairing leather. The business is positioned with new ownership to grow exponentially.

Financial

  • Asking Price: $125,000
  • Cash Flow: $73,960
  • Gross Revenue: $85,440
  • EBITDA: $73,960
  • FF&E: $10,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 1988

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

2015 Van Included in Sale (Home Based)

Is Support & Training Included:

Seller will train to ensure a smooth transition

Purpose For Selling:

Retirement

Home Based:

This Business Is Home Based

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was started in 1988, making the business 34 years old.
The transaction shall include inventory valued at $1,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. Nevertheless, the genuine factor vs the one they say to you may be 2 absolutely different things. For instance, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of various other reasons. This is why it is very essential that you not rely completely on a seller's word, however rather, utilize the vendor's response together with your general due diligence. This will repaint a more realistic image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money so as to cover items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that revenue margins are too thin. Lots of 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 likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location attract new consumers? Most times, businesses have repeat clients, which develop the core of their daily earnings. Particular elements such as new competition sprouting up around the area, roadway building and construction, as well as employee turn over can influence repeat consumers and also negatively influence future revenues. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning customer base. A last idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? How might the local typical household income impact future earnings potential?