Business Overview

This is one of those businesses that you will do a double take but let me assure it is real. Started almost 30 years ago and sales are still growing! This is one of the most profitable home based businesses that we have brought to the market. The flexibility allows a Buyer to operate from home or easily add into a current business model. This business has a specific niche in the home service sector and has become one of the top 3 players in the market. Amazing ability to grow by simply expanding the service area. This company utilizes third party contractors to complete the work so the headache of employees is not an issue. Could this get any better? Yes, the sales are on a steady rise and were up 15% in 2021. Reach out for an NDA to learn all the amazing details.

Financial

  • Asking Price: $558,000
  • Cash Flow: $279,044
  • Gross Revenue: $1,609,174
  • EBITDA: $279,044
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1993

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:2
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller to provide hands on training

Purpose For Selling:

Retirement

Opportunities and Growth:

Easily expand into untouched markets in WA state

Additional Info

The venture was established in 1993, making the business 29 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell operating businesses. However, the true factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in profits, or a variety of various other factors. This is why it is extremely crucial that you not count entirely on a vendor's word, but instead, use the vendor's solution in conjunction with your total due diligence. This will repaint a much more reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that profit 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 likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new customers? Most times, companies have repeat customers, which create the core of their everyday profits. Certain aspects such as brand-new competition growing up around the area, road construction, and also employee turn over can affect repeat consumers and also adversely affect future earnings. One essential point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the chance to construct a returning consumer base. A final idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the local mean house income influence future income prospects?