Business Overview

Check out the profit on this gem! Family move forces immediate sale of this well established tile business. No marketing, No website, all word of mouth and referrals. Specializes in bathroom remodels, vanity installation, heated floors, tile and stone installation, tile fireplaces, floors and countertops. Businesses with this kind of profit at this price don’t come around often. Motivated seller.

Financial

  • Asking Price: $175,000
  • Cash Flow: $201,974
  • Gross Revenue: $338,016
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2008

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:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

work from home, no rent (Home Based)

Is Support & Training Included:

Yes

Purpose For Selling:

Leaving the state

Opportunities and Growth:

just imagine what this will do with a website and some marketing!

Home Based:

This Business Is Home Based

Additional Info

The venture was started in 2008, making the business 14 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell operating businesses. However, the real factor vs the one they tell you might be 2 completely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or an array of other reasons. This is why it is really important that you not count absolutely on a seller's word, yet rather, utilize the seller's answer along with your overall due diligence. This will repaint an extra reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too thin. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract brand-new clients? Often times, businesses have repeat customers, which form the core of their daily profits. Certain factors such as brand-new competition growing up around the location, roadway building and construction, and also personnel turn over can affect repeat clients and adversely influence future incomes. One important point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Just how might the neighborhood average house income effect future earnings prospects?