Business Overview

Two companies for 1 price. One is a contracting company that is responsible for construction across the southeast. The other is an equipment leasing company. They complement each other extremely well. Owner ready to retire. Companies were started in 1986. 35 years of experience. Relationships with general contractors, sub contractors, and employees have been built for decades. Wal Mart is one of the regular clients throughout the southeast. Owner willing to offer financing.

Financial

  • Asking Price: $2,100,000
  • Cash Flow: N/A
  • Gross Revenue: $1,700,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1986

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

heated and cooled office space along with large warehouse/shop. Additional storage in rear along with lot for outside equipment

Is Support & Training Included:

owner will stay on 30 days anything above that is negotiable. Owner willing to consult after any negotiated transition assistance.

Purpose For Selling:

retirement. owner is nearing 70 and ready to hang it up

Pros and Cons:

Company name has been built over 35 years along with the relationships. Name is associated with quality work, timely work, and integrity. Have work lined up into 2022.

Additional Info

The company was established in 1986, making the business 36 years old.

The business has 6 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $3,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. Nevertheless, the real factor vs the one they tell you may be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in earnings, or an array of other factors. This is why it is really crucial that you not rely absolutely on a vendor's word, however rather, utilize the vendor's solution in conjunction with your total due diligence. This will paint an extra sensible image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies take out loans in order to cover points like inventory, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new consumers? Many times, companies have repeat clients, which form the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the area, road construction, and also staff turnover can influence repeat clients and also adversely impact future incomes. One vital point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the chance to build a returning client base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood typical home earnings impact future earnings potential?