Business Overview

If you are looking for an independent lifestyle and an easy home-based startup business to run, this is a good opportunity. No hassling with the franchisor or managing multiple employees.
Business hours are 8 am to 4 pm but by appointment only, so it could be a full time or a part time gig, depending on your pace and lifestyle.
Business carries no inventory but procures materials after the customers pays a deposit.
Buyer will be credited with the advance deposits received from customer for the jobs still pending (currently $22k but subject to change). Do the work yourself or sub it out to contractors.
No inventory, no rent, and no employees makes this a great launching point for someone who wants to be a first-time owner with minimum risk involved.
Seller will give adequate training during transition and is open to helping on a few jobs with a profit-sharing arrangement.
Seller is looking for an all-cash offer. Third party line of credit financing is available to buyers with a reasonable credit

Financial

  • Asking Price: $90,000
  • Cash Flow: $53,520
  • Gross Revenue: $376,000
  • EBITDA: $74,800
  • FF&E: $5,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2012

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

Home based (Home Based)

Is Support & Training Included:

Negotiable

Purpose For Selling:

Obligations to growing family

Pros and Cons:

Austin is a prime market for home renovations and upgrades

Opportunities and Growth:

Owner can control sales and volume depending on the time they wish to invest in the business

Home Based:

This Business Is Home Based

Additional Info

The business was founded in 2012, making the business 10 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 totally different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or a variety of various other factors. This is why it is very important that you not count completely on a seller's word, but rather, use the vendor's solution in conjunction with your general due diligence. This will repaint a much more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that profit margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new clients? Most times, operating businesses have repeat clients, which develop the core of their day-to-day earnings. Specific factors such as new competition growing up around the location, roadway building, and also employee turn over can influence repeat clients and negatively impact future earnings. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the possibility to build a returning consumer base. A final thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the neighborhood mean home income effect future earnings prospects?