This is an established local, company with an iconic and beloved brand; a business that long-time customers cherish, and new customers are delighted to discover. The business is in a fantastic, flourishing and, highly visible community which is an attractive destination for customers.
The Company offers service and products to both Individuals (B2C) and Companies (B2B) and has a unique business model with several revenue streams. Solid systems and procedures and several long-term employees are in place and the current owner will aid in transition to the right buyer.
With 2020 looking to be the best business year ever, the owner knew it was time to sell and planned to put the company on the market in April, after tax returns were done. And then COVID-19 hit.
The pandemic has impacted this business, yet customers still see a thriving business and the brand is strong. Sales and earnings are improving each month but are not yet at pre-COVID-19 levels.
Some people are motivated by life’s next chapter more than by money; prior to March of 2020 the business supported an asking price of just over one million dollars.
The owner still wants to retire and is highly motivated to sell. Which is why you have the chance to acquire an amazing brand at an unusually low price. While this is a chance buy a diamond for the price of coal, you will need CASH. Banks are unlikely to finance this acquisition.