Listing ID: 81113
Business Overview
Opportunity is now! Well established, good customer flow, solid positive cash flow.
Clean and well kept, Pride of ownership but, Owner’s are retiring.
Shop is near the lake for all the activities, hiking, biking, boating, or a day at the lake.
Newer center nicely maintained. great staff, projected estimate gross $340,300.
Lease ends 2024 with 5 yr extension.
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Financial
- Asking Price: $99,000
- Cash Flow: $41,650
- Gross Revenue: $361,300
- EBITDA: N/A
- FF&E: $52,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2004
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
2-4 weeks training
retiring / medical
This Business Is An Established Franchise
Additional Info
The business was founded in 2004, making the business 18 years old.
The deal shall not include inventory valued at $5,000*, which ins't included in the asking price.
The business has 8 employees and resides in a building with approx. square footage of 1,200 sq ft.
The real estate is leased by the company for $2,820 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nonetheless, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is very important that you not depend completely on a seller's word, but instead, utilize the seller's solution together with your general due diligence. This will repaint a more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans in order to cover items like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too tight. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Most times, companies have repeat clients, which develop the core of their day-to-day profits. Particular factors such as brand-new competition growing up around the area, roadway building, and also employee turnover can affect repeat customers as well as adversely impact future profits. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to construct a returning customer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical house earnings effect future earnings prospects?
