Business Overview

If your looking for a business that is fully staffed and PROFITABLE This is a MUST SEE business. Here is an opportunity to step into a business that has been growing year over year. It is fully staffed with experienced employees. A client list that keeps growing and returning. Here it is The seller is simply ready to retire. Located in the heart of a growing and community. With great opportunity to expand thru ought central Virginia

Financial

  • Asking Price: $310,000
  • Cash Flow: $149,000
  • Gross Revenue: $585,000
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: $80,000
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a location of 2,200 square feet. Seller is active in the business with 4 FT employees and 1 PT employee. Hours of operation are 9 AM to 5 PM, Monday - Friday. $80,000 in Inventory and $60,000 in FF&E included in Asking Price. $20,000 made in Leasehold Improvements. And has additional Parking

Is Support & Training Included:

6 Months, 20 hours per week

Purpose For Selling:

Retiring

Pros and Cons:

This business has a long reputation for fabrication and installation high quality countertops and has the space and access to expand into hard surface tops as well

Opportunities and Growth:

Located in an area of constant growth and construction, The only full service top manufacturing in the area

Additional Info

The venture was established in 2006, making the business 16 years old.
The transaction does include inventory valued at $80,000, which is included in the suggested price.

The company has 5 employees and is located in a building with estimated square footage of 2,200 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. Nevertheless, the real reason and the one they tell you may be 2 entirely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other reasons. This is why it is very important that you not rely entirely on a seller's word, yet instead, use the vendor's solution together with your general due diligence. This will paint a much more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new clients? Many times, businesses have repeat consumers, which form the core of their everyday profits. Certain aspects such as brand-new competition sprouting up around the location, roadway building and construction, and personnel turn over can impact repeat consumers and negatively affect future earnings. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business on a regular basis, the greater the possibility to develop a returning client base. A final idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood average home income impact future earnings potential?