Business Overview

Pleased to offer this outstanding deck building business. The sellers are retiring and looking for a buyer who will keep their high standards, and offer their current, and past customers, the same high level of service they have provided for the last decade plus. The buyer will have plenty of work as they are booked up with work until next June. This business does require a Virginia Class A contractors license. This a home based business that does not store or receive materials. All project materials are delivered to the job site. The seller is active in the day-to-day operation of the business. For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at (703)898-0888.

Financial

  • Asking Price: $895,000
  • Cash Flow: $370,000
  • Gross Revenue: $840,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

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

Home based

Additional Info

The venture was started in 2003, making the business 19 years old.

The business has 5 employees and is situated in a building with estimated square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell businesses. However, the real factor vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other reasons. This is why it is really vital that you not depend totally on a seller's word, but instead, make use of the seller's solution in conjunction with your total due diligence. This will repaint a much more practical image of the business's existing scenario.

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 deal. Lots of companies borrow money in order to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that earnings margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area bring in brand-new customers? Most times, companies have repeat consumers, which develop the core of their daily revenues. Particular factors such as new competition sprouting up around the area, roadway building, and also staff turn over can affect repeat consumers as well as negatively impact future earnings. One vital thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Just how might the local median family earnings impact future earnings potential?