Business Overview

Recent Price Adjustment a must see business. PROFITABLE, GROWING, Fully Staffed with great growth potential

Financial

  • Asking Price: $2,600,000
  • Cash Flow: $709,806
  • Gross Revenue: $1,791,775
  • EBITDA: N/A
  • FF&E: $40,000
  • Inventory: $10,000
  • Inventory Included: Yes
  • Established: 2015

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:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 3,000 square feet with a Two locations. Lease ends 11/2022 with a one 5 year lease option. Seller is active in the business with 6 FT employees. Hours of operation are 9 AM to 5 PM, Mon-Fri. $10,000 in Inventory and $40,000 in FF&E included in Asking Price. Assets include Truck, Inventory, ProPress 3 each ! Master Plumber, Class A Contractor License, Master Gas License Required.

Is Support & Training Included:

30 days

Purpose For Selling:

Pursue other business ventures

Additional Info

The venture was founded in 2015, making the business 7 years old.
The transaction will include inventory valued at $10,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell businesses. However, the real factor vs the one they say to you may be 2 absolutely different things. For instance, they may say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, current decrease in earnings, or a range of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, yet instead, make use of the vendor's solution together with your general due diligence. This will repaint a more practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover things like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area bring in brand-new clients? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Particular aspects such as new competitors growing up around the area, roadway building and construction, as well as employee turnover can influence repeat consumers and also negatively impact future earnings. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business regularly, the higher the opportunity to build a returning consumer base. A final thought is the general location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional mean home income influence future earnings prospects?