Business Overview

This business operates with little effort from the current owners. They install gutter for mostly residential customers. All work is sold and scheduled by a local gutter guard company. The outside company keeps this company scheduled out about 8 weeks on average. Very little overhead is needed to operate since all expenses are directly related to work that has already been sold. All equipment and tools necessary come with sale. Contact agent quickly as this opportunity is sure to move fast.

Financial

  • Asking Price: $350,000
  • Cash Flow: $157,980
  • Gross Revenue: $806,676
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2020

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:9
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The venture was started in 2020, making the business 2 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the true reason and the one they say to you might be 2 totally different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be reasons to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or an array of other factors. This is why it is extremely vital that you not count completely on a seller's word, but instead, utilize the seller's answer in conjunction with your general due diligence. This will paint a much more reasonable image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies finance loans in order to cover items like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be met or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract new clients? Often times, companies have repeat consumers, which form the core of their daily profits. Particular elements such as new competitors sprouting up around the area, roadway building, and also employee turn over can affect repeat consumers and also adversely affect future earnings. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the higher the opportunity to construct a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood median household earnings effect future revenue prospects?