Asking Price: $399,000 Gross Revenue: $595,039Cash Flow: $125,798 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $220,000 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.
This business is a market leader in the wine tour business in a California resort area. In operation for over 10 years, this busy tour company services the needs of wine connoisseurs, weekend warriors, bachelorette parties, and tourists. The operation has three themed vehicles to adjust to group sizes and overall demand. There is enough demand in this business to add more vehicles to add revenue.
Business is currently operated from the home of the owner and would need to relocate to a suitable garage facility. This additional cost will be partially offset by savings on fuel and labor commuting to and from the distant current location.
Seller is retiring and is open to discussing seller financing and a smooth transition process.
About the Business
Number of Employees:
Vehicles stored in barn at sellers home. New owner would need to rent a barn/garage. The business was started in 2006 with a single themed vehicle and has grown by adding additional vehicles. The vehicles are iconic and have been faithfully restored and represent a key component in the attractiveness of these tours over the competition. The company has long standing relationships with wineries which give them competitive advantages to access and price discounts.
There are two major competitors in the wine tour industry including this company and they are of similar size. There are a few minor services that compete for leftovers.
Growth & Expansion:
The company is currently running at nearly full capacity at peak times. There is sufficient demand to add additional vehicles to increase the supply of tours to the market. Profit growth is possible by adding a rotation of tours that can be serviced by the same or similar staff levels for double the volume.
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.