Business Overview

Modular Home Construction Business. This successful family business has been serving RI, CT, & MA since 1976. Offering full service design/build options and specializing in Modular Homes and modular add-a-level additions. This is a unique opportunity for a builder or contractor to add this complete turn key process into their existing business model. The owner/seller is willing to stay on as a salaried employee if needed. This is an ideal home-based business.

Financial

  • Asking Price: $149,000
  • Cash Flow: N/A
  • Gross Revenue: $1,000,000
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1976

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

Seller willing to stay on as a salaried employee.

Purpose For Selling:

Semi-retirement

Home Based:

This Business Is Home Based

Additional Info

The venture was founded in 1976, making the business 46 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 entirely different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really vital that you not count completely on a vendor's word, yet rather, use the vendor's answer combined with your total due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover points like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract new clients? Most times, operating businesses have repeat customers, which develop the core of their everyday revenues. Specific factors such as brand-new competitors growing up around the location, roadway building, as well as staff turnover can impact repeat customers as well as adversely influence future earnings. One vital point to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A last idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? How might the regional median family income effect future income prospects?