Listing ID: 70208
This business is a single owner/operator home inspection and ancillary services business specializing in general residential home inspections. In addition to home inspection services, this business also provides energy testing services to ensure builders comply with current energy codes.
Sale price of business to include transfer of any current customers and customer lists, website, domain, phone number, social media assets, logos, small tools and equipment, and any inventory used in the business.
Sevier County, Tennessee is known as the “Gateway” to the Great Smoky Mountains National Park – the most visited national park in the USA. It is also home to over 90,000 local residents and over 5,000 businesses. Real Estate property taxes are low, and there is no state income tax in Tennessee. Knoxville is just a short drive away. Do not delay, get in touch with us today.
- Asking Price: $225,000
- Cash Flow: $80,000
- Gross Revenue: $120,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1993
- 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
This business was established in 1993 and is the oldest home inspection firm in East Tennessee. The owner and founder has over 28 years of experience in the home inspection arena and is willing to train new owner.
There are only a few home inspection services in the area, and this business is the oldest one in the area.
Current owner operates the business by himself, but believes they could add one or two new team members right away. There are various services offered that can be enhanced, and other services that can be added to the current list of services.
The company was started in 1993, making the business 29 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell companies. Nonetheless, the true factor and the one they say to you may be 2 completely different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is really important that you not depend entirely on a seller's word, but instead, utilize the vendor's solution combined with your total due diligence. This will repaint a much more practical image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover items like stock, payroll, accounts payable, etc. Remember that sometimes this can suggest that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new customers? Most times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular elements such as brand-new competitors growing up around the location, road building, and also staff turnover can impact repeat clients and also adversely impact future revenues. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the greater the possibility to build a returning client base. A last thought is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical home earnings impact future income prospects?