Listing ID: 72420
This business has been lender pre-qualified. You only need 10% down ($34,000). New owner will make $244,453 first year after paying off debt service. Owner will make their investment back in under 3 months!
Mediator works with both spouses throughout every step of the divorce mediation process. You do not need a license but having a law degree is a must to do the paperwork. This business is very well known in the area and gets a lot of clients through web-site and referrals. Owner is willing to stay on for a good amount of time for training and a smooth transition.
It is a more constructive and respectful process and less about the fight and the paperwork than divorce litigation. Saves a lot of money for the clients and provides a good living for the mediator. The mediation process moves the clients through the process rather quickly. Even when the participants don’t agree on the issues when they begin, everyone is on the same page to complete the process for a reasonable cost in a reasonable amount of time.
- Asking Price: $340,000
- Cash Flow: $272,980
- Gross Revenue: $296,949
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2010
- 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 Is Home Based
The business was started in 2010, making the business 12 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competition, current decrease in earnings, or an array of various other reasons. This is why it is really vital that you not count entirely on a vendor's word, however instead, utilize the vendor's response together with your total due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that must be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new customers? Often times, operating businesses have repeat customers, which create the core of their day-to-day profits. Specific elements such as new competition sprouting up around the location, road building and construction, and employee turn over can influence repeat clients and adversely impact future earnings. One vital point to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the chance to develop a returning client base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? How might the regional mean household earnings impact future earnings prospects?