Asking Price: $549,000 Gross Revenue: $358,188Cash Flow: $193,343EBITDA: $143,343Inventory: Not Disclosed FF&E: $150,000 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.
• Business is well established and widely known in the area
• Well-managed, easy to operate business, but extremely busy during the summer
• Steadily growing cash flow
• Business does not operate during 4 months in the winter
• High repeat business - over 50% each year
• Sales could be increased if additional rental units were purchased and made available to customers
• This business requires no inventory
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms
• Seller will sign a non-compete agreement
• Fun, exciting business to operate
About the Business
Number of Employees:
The company rents some storage space at a local self-storage business, and stores other items at their home.
The sellers believe their primary competition are two local companies, although each of those two competitors have a different focus than does this company, so the sellers say they rarely are in a position of having to compete against another company.
Growth & Expansion:
Adding more rental units available would increase sales, since most weeks during the season multiple customers have to be turned away. Additional personnel might also have to be added if sales were increased.
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.