Listing ID: 66732
ADU’s (Accessory Dwelling Units) have been one of the hottest trends for homeowners for well over a decade. Most lots in the greater Portland area are capable of supporting the construction of an ADU so there is plenty of opportunity for growth. If you are looking for a business that has had consistently high sales, a strong cash flow, and a great reputation and have experience in the retail construction industry then come check this business out before its too late! This business truly is the opportunity of a lifetime.
- Asking Price: $875,000
- Cash Flow: $631,238
- Gross Revenue: $3,393,877
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- 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
Seller will negotiate a transition period
The venture was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the true reason and the one they tell you might be 2 completely different things. As an example, they may state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is very crucial that you not depend entirely on a seller's word, however rather, make use of the seller's response combined with your general due diligence. This will paint an extra sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money in order to cover points such as supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Often times, operating businesses have repeat customers, which form the core of their everyday revenues. Specific aspects such as new competitors growing up around the location, roadway building, and personnel turnover can affect repeat consumers and also negatively influence future revenues. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the chance to construct a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Just how might the neighborhood median house income influence future income potential?