Listing ID: 64334
Eight year old light renovation and management business in Gulf Shores, Al. Owner is ready to retire to the mountains of north georgia. Owner has had extremely steady business(last 5 years P&L vary by less than 5%) Repeat business and several local referral partners/agents help keep this business booked 3-6 months in advance with work. Owner usually works around 30 hours a week and balances semi retirement with a business. Client base is a good mix of full time residents, vacation rental owners, and referral partners that continually send clientelle to the company. Owner willing to stay on for 60 days to ensure a smooth transition. Owner financing also available
Some other aspects include:
1) 100% referral based business.
2) No marketing or advertising budget needed
3) Currently booked out 3-6 months
4) Referral partners include realtors, home inspectors, rental managers
5) 60 days transition with current owner
6) Established supplier/subcontractor base
7) Simple contracts/record keeping/job tracking
8) Zero business debt
9) Owner financing terms possible
- Asking Price: $149,900
- Cash Flow: $82,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: $10,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Owner will stay on for 60 days to introduce new owner to vendors and clients to ensure a seamless transition.
owner retiring to north georgia cabin
Baldwin County is thriving and one of the fastest growing counties in the southeast. The number of weekly rental vacation units and the owner's referral partners ensure plenty of opportunities and an endless supply of work.
Business has been run with no advertising just word of mouth. Great opportunity for the right buyer to expand this business quickly.
The business was started in 2014, making the business 8 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nevertheless, the true factor vs the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is very important that you not count totally on a seller's word, yet instead, make use of the vendor's solution along with your general due diligence. This will paint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover items like inventory, payroll, accounts payable, and so on. Remember that occasionally this can suggest that profit margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new consumers? Often times, businesses have repeat customers, which form the core of their everyday revenues. Certain aspects such as brand-new competition growing up around the area, road building and construction, as well as staff turnover can affect repeat consumers and adversely impact future incomes. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the opportunity to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood mean house income influence future earnings potential?