Listing ID: 6614

Business Overview

This is one of the most popular shops in downtown Fairhope. The attractive business is popular with both locals and visitors.

Established for years, the owner is now at retirement age and is ready to convey this successful business to the new owner.

This shop will be a fun and profitable business for an owner-operator and a further enhancement will be the area lifestyle of one of the most desirable communities in America. Through October 2019, revenue is up 15.6% over the same time frame last year. In fact, the revenue has grown every year since it was established years ago.

The business also offers a perfect platform and track record for investors looking for an opportunity to take a unique and successful local business national by franchising a proven model.

Consider the advantages of investing in this business:

• Trained employees are already in place.
• The location has been proven advantageous.
• A loyal customer base is already developed and could be expanded.
• Vendor relationship with the top lines of goods, both domestically and internationally, are established. The products have been market tested and proven.
• The seller is committed to a seamless transition and will thoroughly train a new owner in all aspects of the business.
• The business is located in an area of the country that is highly desirable with a strong economy and striking natural beauty.
• The business offers an excellent, proven and easily demonstratable platform for national franchising if the new owner would like to take the business to upscale markets across America.
• And maybe most important of all, with the solid track record of financial performance, the business will be producing a strong cash flow to the new owner from the first day of ownership.

To review this rare opportunity, please email William Bruce from this website. A confidentiality agreement and qualifying financial information are required to receive details.

We look forward to showing you this excellent business.

Financial

  • Asking Price: $475,000
  • Cash Flow: $155,427
  • Gross Revenue: $573,248
  • EBITDA: $
  • FF&E: $60,000
  • Inventory: $55,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Building Square Footage:1,320 Sq Ft
  • Furniture, Fixtures and Equipment:$60,000
Purpose For Selling:

Retirement

Contact Information

Addition Info

The company was founded in N/A, making the business 2020 years old.
The transaction will include inventory valued at $55,000, which is included in the requested price.

Also, Furniture, fixtures and equipment valued at $60,000 shall be included in the requested price.
The building is leased by the business for $2,737 /Month

3 Things to Consider When Researching companies for sale in Baldwin County - Fairhope, Alabama

a business is one of the greatest choices you will certainly make in your life time. Selecting sensibly can lead to remarkable economic advantages for you, your loved ones, as well as your retirement. Nonetheless, in order to make a proper choice, you need to take into consideration numerous things.|In order to make an appropriate choice, you need to take into consideration several points.} Below are 3 essential items to think about prior to purchasing a company in Baldwin County - Fairhope, Alabama.

Why is the Current Owner Selling The Business?

{There are all kinds of reasons individuals resolve to sell businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. As an example, they may state "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in profits, or an array of various other factors. This is why it is extremely important that you not depend totally on a seller's word, however rather, use the vendor's solution combined with your overall due diligence. This will paint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans in order to cover things such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too tight. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or might lead to penalties if terminated early.

Understand the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the Baldwin County - Fairhope, Alabama location bring in new consumers? Most times, operating businesses have repeat customers, which form the core of their everyday revenues. Specific factors such as brand-new competition growing up around the area, road construction, as well as employee turnover can influence repeat clients as well as adversely affect future revenues. One vital thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local average house income impact future revenue prospects?