Listing ID: 72452
YOU ONLY NEED $16,000 (10%) DOWN TO PURCHASE THIS BUSINESS! You will make $55,000 your first year after paying debt service making your deposit back in under 4 months!!
This is an Aquarium maintenance service business that can be home-based, or store-based. They primarily install and clean fresh-water and salt-water aquariums. Customer base is mostly in Berks County, PA, with routes to areas within a one-hour drive. Great for a hands on owner with only one employee needed. Easy to learn, very profitable, flexible schedule for owner and easy to grow. Owner will train new buyer.
- Asking Price: $160,000
- Cash Flow: $74,937
- Gross Revenue: $159,206
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1985
- 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
Will train for 1 week @ $0 cost.
Moving out of state.
This Business Is Home Based
The company was founded in 1985, making the business 37 years old.
The sale shall include inventory valued at $15,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the real factor vs the one they say to you may be 2 absolutely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is extremely vital that you not count absolutely on a seller's word, but rather, make use of the vendor's solution combined with your overall due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover things like supplies, payroll, accounts payable, and so on. Remember that occasionally this can mean that revenue margins are too small. Lots of organisations 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 obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract new customers? Most times, companies have repeat clients, which form the core of their everyday profits. Certain factors such as new competitors sprouting up around the location, roadway building and construction, as well as personnel turnover can affect repeat customers as well as negatively affect future earnings. One important thing to think about is the location 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 often, the greater the possibility to build a returning client base. A last idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional typical house income effect future earnings potential?