30 yr Established & Turnkey Canopy Business

Lynnwood, WA (Snohomish County)

Seller Financing Available
30 yr Established & Turnkey Canopy Business
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Asking Price: Get Financing: $59,000

Cash Flow: N/A

Gross Revenue: $185,362

EBITDA: N/A

FF&E: $1,000

Inventory: $40,000

Lease Rate: $1,495 /Month

Established: 1998

30 yr Established & Turnkey Canopy Business

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Business Description

This business is turnkey and 30 years established. Current owner has had this business for 20 years, selling and renting canopies and awnings. You see them at Sea Fair, vegetable stands, arts and crafts shows, even inside convention centers for trade shows. There is a big market for awnings and canopies This seller has health concerns and wants to retire. This is a viable business with a great reputation. Has a longtime relationship with Seattle Parks and Seattle Police Department. And NO this type of business does NOT need a super location or even a storefront this business can be operated out of most people’s homes. So good stuff for you stay at homers. Also if you operate out of your home that is a huge savings maybe ($30,000- $40,000 or more) in storefront rent saved per year. Most small businesses live or die with their store front location but hey not this one. This business can also be an excellent accent business, meaning a second business complimenting your primary business. This business allows you to largely control your working hours, that’s why it is good as an accent business. Example if you already own a mail box store business you could add this business as another source of revenue. Keeping your hands in money-making activities year around. Another type of business that would accent this business very well is party rental or event rental type businesses. This business actually does a lot of business with rental stores as sort of a back up to them when they run out and need help. This is not a franchise so new owner has freedom to take this business in a lot of different directions. Example if new owner knew how and wanted to do sewing/embroidering on the canopies, well that would be another whole level of marketing and advertising. And probably another whole new level of sales profits too. The website of this business was just upgraded in Feb 2018 so you do not have to worry about it for a awhile. Over 2500 names and contact information in the data base. Seller willing to train buyer in all aspects of this business from top to bottom. Seller also willing to include about $40,000 worth of inventory to the sale of this business. Look closely on the equipment list the seller is also including a van in the purchase price. Not much competition, this is a people business give us a call to set up a one on one question and answer session with the owner and myself.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,400
Lease Expiration:
8/31/2018
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is being run out of a warehouse, but new owner does not need to operate this business out of this warehouse. They could even operate this business from their home. The current lease at this warehouse expires Aug 2018 with a base rent of $1,495 and $600 in taxes per month.
Competition:
This type of business does NOT need a super location or even a store front this business can be operated out of most people’s homes. This business can also be an excellent accent business, meaning a second business complimenting your primary business. This business allows you to largely control your working hours, that’s why it is good as an accent business. Example if you already own a mail box store business you could add this business as another source of revenue. Keeping your hands in money making activities year around. If new owner were to operate this business out of their home or as a second business as an extension of their primary business quite a lot more money to be made and quite less a money on monthly rent costs. Even conservatively speaking that would be about $30,000 to $40,000 in rent money savings.
Growth & Expansion:
This type of business does NOT need a super location or even a store front this business can be operated out of most people’s homes. This business can also be an excellent accent business, meaning a second business complimenting your primary business. This business allows you to largely control your working hours, that’s why it is good as an accent business. Example if you already own a mail box store business you could add this business as another source of revenue. Keeping your hands in money making activities year around. If new owner were to operate this business out of their home or as a second business as an extension of their primary business quite a lot more money to be made and quite less a money on monthly rent costs. Even conservatively speaking that would be about $30,000 to $40,000 in rent money savings.
Financing:
80% down case by case basis
Support & Training:
Seller willing to train buyer in all aspects of this business to included even stay on for a short while to ensure new owner knows everything from top to bottom.
Reason for Selling:
Seller has health concerns and wants to retire
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(from currently available funds)
 
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David Smith

Business Listed By:
David Smith

Coldwell Banker Bain

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