Listing ID: 66654
This small seal coating business has been serving the busy Seattle/Tacoma metro area market for nearly thirty years and has created a good reputation for competence and reliability amongst loyal customers. The business is very seasonal and hits its business stride around May/June and continues throughout the fall then goes dormant to the following year. A buyer already in the seal coating business or in an adjacent industry such as asphalt or earth moving would be perfect to bolt this onto their existing operation. The company is small but consistent and it is priced that way for a quick sale. The sellers are looking to retire but wish their clients and equipment to end up in the hands of someone that can grow the business and maintain their positive legacy. If you are interested in a good buy, either as an owner operator or as an addition to your existing operation-inquire today. All inquiries will be expected to submit an executed NDA.
- Asking Price: $100,000
- Cash Flow: $62,419
- Gross Revenue: $303,682
- EBITDA: N/A
- FF&E: $25,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1994
- 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
Home Based with storage shed (Home Based)
Sellers will assist in transitioning the buyer to clients and employees
There is competition but this company has been providing reliable and competent seal coating services for close to thirty years and has developed a client following and reputation. It is a seasonal business that hits its yearly stride starting in May/June and continues throughout the fall, weather permitting.
Growth can be achieved through increased capacity and maybe more robust marketing. This would be a great addition to an existing seal coating or asphalt related business.
This Business Is Home Based
The business was founded in 1994, making the business 28 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell companies. However, the genuine factor and the one they say to you might be 2 totally different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current reduction in revenues, or a variety of other factors. This is why it is very essential that you not count absolutely on a seller's word, yet rather, use the vendor's answer in conjunction with your total due diligence. This will repaint a much more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that must be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in brand-new customers? Often times, companies have repeat clients, which develop the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the location, road building, as well as employee turnover can impact repeat consumers and negatively influence future incomes. One crucial point to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning customer base. A last thought 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 local typical household earnings influence future income prospects?