Asking Price: $116,500 Gross Revenue: $262,235Cash Flow: $37,502 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $40,000 included in asking priceFF&E: $40,257 included in asking priceShare 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.
Highly unique store where products are always changing. This store and concept were established as a “first to market” retailer of specialty recycled building materials. Help customers save money, while saving resources. The reclaimed products available through this unique retailer provide an opportunity for customers to apply both style and imagination to their projects.
The owner is ready to move into retirement and has reduced the price to below market value, especially with inventory included in the purchase price.
About the Business
Grand Traverse County, Michigan
Building Sq. Ft.:
$2,900.00 Per Month
• Current location is a leased 11,300 square foot building • Building is owned and would prefer to lease, but may be open to selling real estate.
The company has a very strong foothold in a dynamically growing trend. This concept and retailer have very little, if any direct competition. Company has some distinct advantages and opportunities in the area to build inventory and support its already outstanding reputation.
Growth & Expansion:
The following represents potential opportunities for growth a new owner could quickly implement to improve the operations and profitability of the business: • Further cultivate in place systems that allow for quick response to sourcing opportunities to grow sought after inventory. • Develop deeper ties with non-profit organizations to acquire more incoming materials. • Have events several times a year at the store. • Cultivate new relationships to secure sought after inventory. • Bringing on skilled field workers that can work fast and efficient, while being very careful not to damage materials. • Increase efforts in marketing in order to increase sales.
**PRICE REDUCED** Recycled Building Materials Retailer
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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
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