SOLD!
| Asking Price: |
$849,000 |
| Annual Sales: |
$1,700,000 |
| Cash Flow: |
$350,000 |
| Inventory: | $1,000 |
| FF&E: | $250,000 |
| Real Estate: | Lease |
| Employees: | 1 FTE Owner 14 FTE |
| Location: | Denver Metro |
| Reason […] |
“I hired Mr. Donald Hobbs, and Front Range Business, Inc., to handle the sale of my business this past year. I cannot overstate how exceptionally fortunate I was to have done so. Don was a consummate professional throughout the process.
The 18-month process took me through highs, lows, and COVID, and Don was there at every turn with sage advice, solid business acumen, and plenty of possible buyers. He spent countless hours vetting each and every one of them and only […]
SOLD!
| Asking Price: |
$499,000 |
| Annual Sales: |
$487,579 |
| Cash Flow: |
$236,048 |
| Inventory: | N/A |
| FF&E: | N/A |
| Real Estate: | Lease |
| Employees: | 1 Owner 12-14 PT Contractors |
| Location: | Colorado |
| Reason For Sale: |
SOLD!
| Asking Price: |
$449,000 |
| Annual Sales: |
$769,000 |
| Cash Flow: |
$178,675 |
| Inventory: | $150,000* |
| FF&E & Leaseholds: | $74,500* |
| Real Estate: | N/A |
| Employees: | Undisclosed |
| Location: | Mountain Resort Community, Colorado |
| *Included | |
| *Not Included |
Most retiring business owners expect that their financial needs will be met when they sell their companies.
Unfortunately, that is not always the case. Business owners should have a business valuation performed by an independent professional and then create an “Exit Plan” to close the value gap if one exists.
Click here for a brief MSNBC video on preparing to leave your business.
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Unfortunately, most business owners have a very inflated view of the value of their company. And why not? They have put so much money, time and heart into it.
But they need to realize the price is based on what someone else is willing to pay for it.
Periodically having a business valuation prepared by a professional is a good way to help determine what the business owner needs to do to reach his or her goals.