Asking Price: $75,000 Gross Revenue: $181,073Cash Flow: $42,109 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $43,000 included in asking priceFF&E: $5,000 included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The owner started this line of equine products. These products include saddle pads, towels, bridles, nylon, various custom products and boots. Most of the products are manufactured. The boots are purchased from outside the U.S. The business also carries the Ariat line of shoes and boots.
The company's products are sold retail, wholesale and online. Retail sales are from a mobile tack store, which is included with the business. The owner takes his products to horse race tracks in NY, NJ, PA, MD and DE and sells directly to trainers. The owner also has wholesalers (tack stores) who carry and sell his products. There is also online sales of the company's products.
This is a home based business.
About the Business
No facility. This is a home-based business that includes a mobile trailer.
Other brands of equine products. However, no one else with their own product line physically goes to the race tracks and sells directly to trainers at the track.
Growth & Expansion:
Retail sales can be increased by spending more time at the race tracks. Wholesale business can increase more by contacting various tack shops about carrying his products. The owner has not done much to try and increase online sales. There is potential to increase the online business.
Has been in this line of work his entire life & wants to make a career chg.
Will train for 4 weeks @ $0 cost. The company's equine products include saddle pads, towels, bridles, nylon, various custom products, boots, apparel and Ariat shoe line. The company's products are sold retail, wholesale and online.
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