Listing ID: 82961
Sunbelt Business Brokers of the Northshore presents this great businesses opportunity to own one of the nation’s top franchises in South Louisiana. This established business has a proven business model for the truck aftermarket and a growing range of industries. Territory rights to town large markets are included in the sale. This franchise offers the toughest spray-on bedliners on the market, exclusive truck and SUV accessories, and also state of the art protective coatings for virtually unlimited applications.
The owner is looking to retire and has a dedicated staff at both locations. They are on track to exceed $700k in business this year. The sales price includes all equipment, inventory and franchise transition fees. Franchisor will help and transition new owner. Contact us today for more information on this excellent business and franchise before its gone!
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: $650,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This Business Is An Established Franchise
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. Nevertheless, the genuine reason and the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is really essential that you not count entirely on a seller's word, but instead, use the vendor's answer together with your general due diligence. This will repaint a more sensible image of the business's current circumstance.
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 offer. Numerous operating businesses finance loans so as to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that profit margins are too small. Many businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new customers? Most times, operating businesses have repeat customers, which create the core of their daily profits. Particular variables such as brand-new competition growing up around the area, roadway building, as well as personnel turn over can influence repeat clients and adversely impact future earnings. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the local typical household earnings effect future income prospects?