Listing ID: 83902
Business Overview
The Blackbird first opened in Downtown Holland in 2008. The current owners took over in 2013 and have created a cozy, calm atmosphere for shopping. The Blackbird offers casual decor for anyone who loves the farmhouse, cabin, and lake house look! Some of the products they offer are accent lamps, wall decor, pip and bead wreaths, lanterns, candles, braid rugs, and much more!
Financial
- Asking Price: $75,000
- Cash Flow: N/A
- Gross Revenue: $120,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2008
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,556
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The owner would be willing to help during the transition
Looking to spend time doing other activities
Great location downtown Holland!
Opportunities to push more online sales
This Business Is An Established Franchise
Additional Info
The venture was started in 2008, making the business 14 years old.
The transaction does include inventory valued at $20,000, which is included in the asking price.
The real estate is leased by the business for $2,112.50 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current reduction in earnings, or a range of various other reasons. This is why it is really vital that you not depend completely on a vendor's word, however instead, use the vendor's solution combined with your total due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans so as to cover things like supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new clients? Often times, businesses have repeat clients, which form the core of their day-to-day revenues. Particular factors such as new competitors growing up around the location, road building, as well as employee turnover can influence repeat consumers and negatively affect future earnings. One crucial thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business often, the better the chance to build a returning client base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the regional mean household income impact future earnings potential?
