Listing ID: 67512
I am pleased to offer this exceptional Custom Entry Gate Design & Installation Company located in the Northern Virginia Suburbs. This extremely efficient, and highly profitable operation, designs and builds custom driveway gates for wealthy homeowners throughout McLean, Great Falls, Middleburg and Loudoun County. Installation projects average $25,000 each and the company enjoys related, ongoing income, from service and cell contracts. This small business churns out big cash flow. The seller is willing to stay on for six months to properly train and ensure a seamless transition. This is the perfect business for a partnership, sharing the design and installation responsibilities. The perspective purchaser should be, or be able to secure a Class A contractor license within the Commonwealth of Virginia. For more information call Northern Virginia’s Number One Business Seller – Doug Jackson at (703) 898-0888.
- Asking Price: $997,500
- Cash Flow: $462,675
- Gross Revenue: $1,044,000
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $50,002
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Located in mixed use warehouse space.
Seller will train for up to six months
The business was started in 2000, making the business 22 years old.
The transaction doesn't include inventory valued at $50,002*, which ins't included in the asking price.
The business has 7 employees and is situated in a building with approx. square footage of 1,800 sq ft.
The real estate is leased by the business for $2,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 entirely different things. For instance, they may state "I have too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not depend entirely on a seller's word, but rather, use the seller's response in conjunction with your total due diligence. This will repaint a more sensible image of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can imply that earnings margins are too thin. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new clients? Most times, companies have repeat customers, which create the core of their day-to-day earnings. Particular elements such as brand-new competitors growing up around the location, roadway building and construction, and staff turn over can impact repeat consumers as well as adversely influence future earnings. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the higher the possibility to construct a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? Exactly how might the local mean house income influence future revenue potential?