Asking Price: $58,500 Gross Revenue: $5,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $2,100 included in asking priceFF&E: $45,000 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.
Lockit Socket is a home-based internet tool supply company with unique socket designs. These tools can get into places that no other can get to. New energy will make this home-based business a nice income for anyone.
About the Business
These tools have sold for 16 years and business needs new ideas and passion to make it what it could be.
Competitors exist but none have the spring clip holding method that Lockit Socket has.
Growth & Expansion:
Growth Potential is according to new owner. This line of tools could be added to an existing line or stand on its own.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.