Listing ID: 69838
Sunbelt Business Brokers of Shreveport presents this outdoor living space enhancement business located in Shreveport-Bossier City, LA that builds and installs products designed for home and business outdoor spaces.
This long-standing business has been around for 20+ years and specializes in products primarily for residential backyards, but also works on commercial installations as well. Within the last 5 years they have developed a way to sell some products nationwide and have seen a noticeable increase in sales and bottom line net. This business is thriving because it sells, builds and installs long-lasting, high-quality products that will last for many years. The steady flow of business is primarily due to word of mouth.
Real Estate is not included in the asking price but is available to purchase for $450,000. Furniture, fixtures and equipment with an approximate value of $150,000 is included in the asking price. Inventory on hand will be audited prior to closing and sold to buyer at seller’s cost. The owner also has a specialty product that no one else in his industry has. Information about this product can be disclosed and discussed with interested buyers who sign a confidentiality agreement.
The seller will stay on as long as needed to help train and transition the new owner.
Contact Chris today for more information on this long-standing outdoor living space enhancement business for sale. Chris Sater is licensed through Sunbelt Business Brokers, 318-525-7349. Sponsoring broker Brandon Bourgeois 225-201-0202. Please call Chris directly for more information at 318-525-7349.
- Asking Price: $850,000
- Cash Flow: $260,000
- Gross Revenue: $1,400,000
- EBITDA: $260,000
- FF&E: $150,000
- Inventory: $25,000
- Inventory Included: N/A
- Established: 1998
- Property Owned or Leased:Own
- 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
The business was founded in 1998, making the business 24 years old.
The deal doesn't include inventory valued at $25,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nevertheless, the genuine factor vs the one they say to you may be 2 completely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be excuses to attempt to hide the reality of changing demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is extremely crucial that you not count totally on a seller's word, yet rather, utilize the vendor's solution along with your general due diligence. This will repaint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Most times, companies have repeat consumers, which form the core of their daily profits. Specific variables such as brand-new competitors sprouting up around the location, roadway building, and also staff turn over can affect repeat consumers as well as adversely influence future profits. One crucial thing to take into consideration is the area 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 chance to develop a returning client base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the local median house income influence future revenue potential?