Profitable Spa Company, SBA Financing Ready To Go!
The Top Three Objectives of Business-buying
(And how this business stacks up)
NOTE before I go into the details about Buyer Objectives, I want to share the exciting news about the incredible financing package that has been developed for the business and the real estate. Here it is:
A prominent SBA lender has just completed examining this offering thoroughly, and is ready to work with a qualified buyer (along with the seller) for total financing of over 90% of the purchase price of business and real estate. The seller is willing to do its part in this financing package, in the context of an otherwise acceptable offer.
So what the heck is this business? Where is it? Can I run it from where I am? What’s the story?
1) Solid Business? Check.
Over 20 years of successful operation. Real cash flows after real adjustments for owner functions. Top-quality products and services (5-star Google review ranking.) Impeccable building and showroom. The only reason this business is on the market is that the owners are retiring. This is their retirement fund.
Can it be forced out by a landlord with his/her own future agenda? No, the real estate is offered right along with the business. Essentially, the business is buying the real estate for the new owner, via a fair market value lease allowance in the purchase prices (i.e., business and real estate.) The superb location is very much a part of the value here, and we would not want to have it jeopardized by some change in strategy by an outside property owner. In this case, the real estate is offered right along with the business, so the buyer can control the future growth without concern for ever being forced out.
It doesn’t hurt that the real estate provides additional collateral comfort for a lender, in case you are thinking about financing this acquisition.
2) Post-closing Support? Check.
The owners will commit to a significant period of personal one-on-one support, followed by a lengthy period of online/phone support. In addition, there is an unusual level of support offered by the primary vendor (a company with branches in 70 countries, and a regional manager in Portland.)
This company offers the type of training and ongoing support usually provided by only the best franchise operations. By the way, many of those franchise operations charge a percentage of revenue that can rapidly convert a business into an occupation. This one doesn’t. They just help, whenever you need it. And they too offer training that will give you the comfort you legitimately want, so you know you will be able to run the business and produce the kind of profits the present owner has been enjoying.
3) Strong Fundamentals? Check.
Is there anyone who hasn’t heard of the “Age Wave” (the millions of Baby Boomers now at retirement age?) We now know that, unlike some over-enthusiastic entrepreneurs have thought, they don’t spend their money frivolously. True, many of them have a significant amount of savings, but they are very careful about how they spend it.
So what do they spend their money on? Interestingly, as one might expect, they spend it on themselves to alleviate the predictable challenges that come with aging. Think aches and pains, for example, and “wellness” products.
This company is squarely in that sector, and better yet it is located in one of the acknowledged “retiree capitals” of Oregon. I can’t say where until I receive your non-disclosure agreement, but you will recognize it and agree I’m sure.
It’s just very nice to know that the business you are considering is underpinned by strong fundamental demand; demand that is universally acknowledged to be growing.
The photo will give you a pretty good idea about what the business is. For the rest of the story, including financial details, please fill out the form to request more information. You will receive an NDA form, and if you’re OK with it, you will receive a ton of information. No pushy sales pitch, just detailed information that will enable you to make an informed decision.
That’s it. Pretty simple, no?
Not included in asking price.
Owned. Not included in asking price.
Building Square Feet:
Sellers prefer to sell the real estate and the business together to the same buyer. However, they will consider selling them separately (selling the business first, with a commercially appropriate lease.) Not interested in offering a lease-option on the real estate. Make offer.
There is some competition in the area, but nothing like the quality and reputation of this business.
Growth & Expansion:
Growth potential is driven by the continuing “age-wave” pressure. This business is located in a prime area of retirees, its major customer profile.
Support & Training:
Sellers will provide significant transition support, to be negotiated. In addition, the major vendor has an extremely robust support program. It’s like having a franchise support system but without having to pay a franchise fee or royalties. Seller will consider a consignment program for the inventory.
Reason for Selling:
Licensed in Oregon