Listing ID: 69822
Profitable Garage Remodeling business with an outstanding reputation available for sale. While the current owners focus primarily on clients in Northwest Louisiana, the protected territory from the distributor for this business is all of North Louisiana including Shreveport, Minden, Ruston, Monroe, as well as Natchitoches, and Alexandria. This business can be easily relocated to anywhere in North Louisiana.
This business provides 3D designs using CAD to show clients how their garage will look with shelving, a multitude of storage options including high quality cabinets, slatwalls, and epoxy coating or tiles for flooring. The owners take pride in the quality and personalized customer service they are able to provide with this business as every installation is designed and built for each client’s needs. Once products arrive installations usually take one to two days.
This business has a great website and promotional materials to give to potential clients. The current owner does very little marketing in the way of social media or paid advertisement. A new owner who can leverage these tools will see tremendous and immediate growth as this business offers products and services to homeowners that are currently in high demand. Also, the current owner takes on only what jobs he can personally handle with a small crew. A new owner who is able to hire and train more qualified installers will be able to add more crews so that jobs can be installed simultaneously at different locations, thus increasing the top and bottom line.
Contact Chris today for more information on this Garage Remodeling Business in North Louisiana. Please call Chris directly for more information at 318-525-7349 or email email@example.com
Asking Price $75,000
Inventory $5,000 *not included in purchase price
- Asking Price: $75,000
- Cash Flow: $65,000
- Gross Revenue: $185,000
- EBITDA: $65,000
- FF&E: $33,500
- Inventory: $5,000
- Inventory Included: N/A
- Established: N/A
The sale doesn't include inventory valued at $5,000*, which ins't included in the requested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell companies. However, the real factor vs the one they say to you may be 2 totally different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might just be reasons to attempt to hide the reality of changing demographics, increased competition, recent decrease in profits, or an array of other factors. This is why it is extremely essential that you not depend completely on a seller's word, yet instead, utilize the seller's answer combined with your total due diligence. This will paint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too thin. Lots of organisations fall 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 building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new customers? Often times, businesses have repeat consumers, which create the core of their day-to-day earnings. Specific elements such as new competitors sprouting up around the location, road building and construction, as well as staff turn over can affect repeat clients and adversely affect future profits. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Obviously, the more people that see the business regularly, the better the possibility to develop a returning client base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional typical house earnings impact future earnings prospects?