Asking Price: $119,000 Gross Revenue: $185,469Cash Flow: $46,503EBITDA: $46,503Inventory: $500 not included in asking priceFF&E: Not Disclosed 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.
This garage door remote control and replacement parts retailer is a recession proof home based ecommerce business that is ideal for an owner-operator who desires a fantastic return on investment working perhaps 20 hours per week, or more if they wish to grow the venture. The business offer perhaps 20,000 skus and once generated nearly $1.0 million in revenues prior to a series of unfortunate setbacks. If desired, management could recapture some of that market or other ancillary markets available.
About the Business
Los Angeles, California
This home operated business may be run from anywhere in the U.S. or Canada. All of the firm’s assets, which primarily consist of years of accumulated knowledge that can be shared with a buyer, repeat customers and ecommerce pages filled with product descriptions, metatags and everything else that makes it a turn-key opportunity for the right party, will be included in the sale. Approximately $500 in inventory will be sold at cost at close in addition to purchase price.
Competition does exists from a similar sized vendor as well as a very large industry player that sells perhaps 500 remotes daily, versus their 5 – 7. The seller, who juggles multiple other investments, can advise a buyer on how to recoup market share as well as teach them any few technical details of the business – which will involve a basic understanding of brand frequency and dip switches. It’s not rocket science.
Growth & Expansion:
New management may dramatically grow the opportunity should they wish to. The proprietor stopped regularly answers calls in May 2018 and does not always respond to online or emailed customer service inquiries (they feel they likely miss 50% of calls and inquiries). Due to a serious setback years ago, they are no longer able to sell on Amazon, but new management should be able to with a new EIN number. Similarly, they stopped using E-Bay a decade ago but management may return. The owner also does not capitalize on the industry’s most coveted domain name (garagedooropener.com) or other assets available to him, as they remained focused on additional ventures that merit more of their attention. For additional growth, a newsletter or some form of promotional email blast could be set up. Inventory could be built-up to make fulfillment quicker and easier or complementary products could be also be offered.
Garage Door Remote Control & Replacement Parts Retailer – Home Based!
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