Listing ID: 69892
Established Handyman Business – Take advantage of the boom in remodeling taking place in NWA and beyond. This well-established handyman business has multiple skilled craftsmen on staff to do the skilled work. Great opportunity for a husband and wife team to come in and expand upon what has already been built. Some seller finance is available to the right buyer.
2021 is off to a great start with no signs of letting up. The owner is willing to stay on post-closing to provide for a smooth transition, adequate training and introduction to existing customers and employee relationships.
Whether you are a business person or a homeowner, you will recognize the abundant need to call in for help on those projects around the office or home. We have a great skilled team ready to answer that call. We have been answering those calls for over 10 years now.
Whether you are looking for your first business or to add this to compliment an existing business, it is turn-key and ready to go. The seller is willing to provide seller financing with a substantial down payment to the right buyer.
Northwest Arkansas continues to experience tremendous growth with no signs of letting up. Area schools, amenities, and proximity to customers throughout Northwest Arkansas are all excellent. It is the perfect place to own and grow this existing and thriving that works directly with commercial and residential customers.
- Asking Price: $175,000
- Cash Flow: $93,000
- Gross Revenue: $660,000
- EBITDA: N/A
- FF&E: $16,000
- Inventory: $1,750
- Inventory Included: Yes
- Established: N/A
The sale does include inventory valued at $1,750, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 totally different things. For instance, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is extremely important that you not rely absolutely on a seller's word, but instead, utilize the vendor's response in conjunction with your general due diligence. This will repaint a more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses 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 revenue margins are too tight. Lots of companies 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 take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new clients? Many times, businesses have repeat customers, which form the core of their daily revenues. Certain factors such as brand-new competitors growing up around the location, road building and construction, and employee turn over can influence repeat customers as well as adversely affect future revenues. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the higher the possibility to develop a returning client base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the neighborhood median home earnings impact future revenue prospects?