Listing ID: 71188
Exterior Home Improvement Business specializing in fabrication and Installation. The current owner has been doing this for over ten years. He did a start up on this location for over four years and is getting ready to retire.
They handle all aspects of booking the appointment, and work with residential and some Commercial. They do fabricate and installation and repair maintenance. This owner is very hard working and dedicated to Customer Service. The owner is willing to stay on if needed to continue to grow the business until the new owner is ready to take over. This is a very confidential listing please be ready to be pre-qualified before calling to book an appointment.
Large and well organized client base in a great beach location. The location has an awesome team that works well together
with top of the line products. This is growing very fast based on the owner who is so dedicated to team work and client
A very well organized customer base in a fast growing beach and retirement area.
High growth in a very desirable beach location.
- Asking Price: $1,499,000
- Cash Flow: $400,000
- Gross Revenue: $1,700,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,800
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2016, making the business 6 years old.
The company has 4 employees and is located in a building with approx. square footage of 2,800 sq ft.
The real estate is leased by the company for $1,200 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell companies. Nevertheless, the true reason and the one they tell you might be 2 absolutely different things. For instance, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of various other reasons. This is why it is really essential that you not rely totally on a vendor's word, yet rather, use the seller's response along with your total due diligence. This will repaint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that revenue margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Many times, companies have repeat customers, which develop the core of their everyday profits. Certain aspects such as new competitors sprouting up around the area, roadway building and construction, and also employee turn over can affect repeat clients as well as adversely influence future earnings. One important thing to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business regularly, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? How might the local typical household income effect future income potential?