Business Overview

The business was started on whim by brothers who wanted to diversify their revenue streams. Starting with no knowledge of the industry in 2012 they traveled to Tennessee for a few days of training and came home and started working with clients. 9+ years later they have developed a successful business model, grew the company to annual gross revenues exceeding $700,000 most years. The simple business model, diverse client base, low overhead and profitability are just some of the reasons this is a fantastic business. Business hours are 8am – 5pm Monday through Friday, allowing the owners to still spend time with their family. The team is well established with 1 shop foreman, 3 daytime blasters and 1 nighttime blaster. The business could be grown just by adding a few team members to facilitate the needs of all the inquiring potential clients. There has never been any marketing done and sellers say the success of the business is due to location and word of mouth referrals. For additional information please contact listing agent Andy Erskine at 713-400-7663 or andy.erskine@theloyaltybusinessbrokers.com.

Financial

  • Asking Price: $595,000
  • Cash Flow: $300,346
  • Gross Revenue: $741,500
  • EBITDA: N/A
  • FF&E: $90,060
  • Inventory: $5,000
  • Inventory Included: Yes
  • 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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a home based location. Seller is active in the business with 5 FT employees. Hours of operation are 8 AM to 5 PM, Monday - Friday. $5,000 in Inventory and $90,060 in FF&E included in Asking Price. $30,274 made in Leasehold Improvements. Assets include forklift and goodwill!

Is Support & Training Included:

Two Weeks

Purpose For Selling:

Seller's are moving to another state after the business is sold

Additional Info

The business was founded in 2012, making the business 10 years old.
The sale will include inventory valued at $5,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. Nonetheless, the genuine factor and the one they tell you might be 2 entirely different things. As an example, they might claim "I have too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these may just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in earnings, or a variety of other factors. This is why it is extremely crucial that you not depend completely on a seller's word, but rather, make use of the vendor's answer in conjunction with your general due diligence. This will repaint a much more sensible picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too tight. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new clients? Often times, companies have repeat customers, which develop the core of their everyday earnings. Certain variables such as brand-new competition sprouting up around the location, road construction, as well as personnel turn over can impact repeat consumers as well as adversely affect future incomes. One vital point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the better the possibility to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local median house earnings influence future earnings potential?