Old Niche Travel Related Company For Sale
Location Missouri,United States
Asking Price Range < $250K
Gross Revenues $201227
Net Profit / Cash Flow $52578
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Inventory 4000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Training The seller will provide thorough training free of charge to a buyer after closing, and will sign a non-compete agreement with terms of 3 years for the entire united states. The seller also wishes to remain with the company as an independent sales agent.
Reason for Sale Retirement.
Description Highlights of Business
Well-established business
Lots of upside potential
Flexible working hours for owner
Seller will finance
Opportunities for free or low-cost vacations for owner
Seller will thoroughly train buyer
Name of business is federally trademarked
Over 10,000 names of previous customers and inquirers in database
History of Business
The owner started the business in 1994, and now wishes to retire. The business was expanded 2 years ago by adding an additional product.
Business Model
Many of the company's sales are made online, but some customers visit the company's office.
The business uses 23 outside sales agents around the U.S., who are independent contractors, who are paid a commission on sales.
Discretionary Earnings Calculations
The seller of this business is representing that the Discretionary Earnings of the business for 2013 were $52,578 and that they can prove it to a buyer and their accountant's satisfaction. That is the amount which a buyer would have had available to pay themselves a salary, service the debt from purchasing the business, and provide a Return on Investment on their down payment, had they owned the business in that period and operated it no better nor worse than did the seller.
Financing
Because the owner believes in the future viability and success of this business, they are offering to finance its purchase, with a down payment of $54,950, with the balance being financed over 60 months at 7% interest, with a balloon payment at the end of 36 months.
Employees
There are no employees in this business. The seller works about 40 hours in the business on average, and their spouse puts in another 20 hours or so each week, doing back-office work and bookkeeping.
This is a fun, profitable business. If you think it might possibly be a fit for you, do not delay in requesting additional information.
Call our office at 417 581-8887.
Click Here To Contact Seller
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