Listing ID: 64182
The business provides home inspection services and radon testing. The company has an established client and referral base, which historically has consistently provided recurring revenues and improved profitability each year.
This business is self sufficient and can be run through the use of service’s based software to provide the potential buyer additional efficiency.
Seller financing is available to potential buyers based on approval and a sizable down payment requirement.
More marketing through efficient SEO methods will further improve brand and leads along with increasing more sales for radon testing.
No rental requirement
- Asking Price: $225,000
- Cash Flow: $152,215
- Gross Revenue: $221,250
- EBITDA: N/A
- FF&E: $15,810
- Inventory: N/A
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
See Broker For Details
The company was started in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the genuine reason vs the one they say to you might be 2 completely different things. For instance, they may say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is really important that you not depend absolutely on a vendor's word, yet rather, use the seller's solution along with your general due diligence. This will repaint a much more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too small. Lots of businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new consumers? Most times, businesses have repeat consumers, which develop the core of their everyday revenues. Particular factors such as new competition growing up around the area, roadway building, as well as employee turnover can impact repeat consumers and also negatively affect future revenues. One essential point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the possibility to construct a returning client base. A final thought is the basic location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local median home income effect future earnings prospects?