Business Overview

This business has been pre-qualified for a loan with buyer only needing 10% down ($80,000). Buyer would take home after paying debt service $184,000. Buyer would earn their down deposit back within 5.5 months!
This company only focuses on one thing and are the best at it…Concrete Lifting/Leveling With Polyurethane Structural Foam & Grout Material. Lift Sinking Concrete with Specialized Equipment- Requires Drilling Holes in Concrete and Pumping/Injecting Material Through Concrete to Lift. Patching Holes Once Lift Is Completed. Caulking/Sealing Gaps & Cracks. Lifting Examples: Concrete Walkways, Steps, Pool Decks, Driveways, Interior Slabs, Garage Floors, Warehouse Floors. Commercial and Residential. Ability To Expand & Earn More Income, Only Requires 3-4 Workers to Operate Company, 95% of Payments Collected Upon Job Completion, Minimal Competition, Off Winter Months. This is a simple business to operate….add more crews and trucks and expand easily in different areas.

Financial

  • Asking Price: $800,000
  • Cash Flow: $285,173
  • Gross Revenue: $654,455
  • EBITDA: N/A
  • FF&E: $70,000
  • Inventory: $8,000
  • Inventory Included: Yes
  • Established: 2004

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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home based. (Home Based)

Purpose For Selling:

Retirement.

Home Based:

This Business Is Home Based

Additional Info

The company was founded in 2004, making the business 18 years old.
The sale will include inventory valued at $8,000, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in incomes, or a variety of various other factors. This is why it is very vital that you not rely completely on a seller's word, but instead, make use of the vendor's answer in conjunction with your total due diligence. This will paint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that revenue margins are too tight. Many businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract brand-new consumers? Often times, operating businesses have repeat customers, which develop the core of their day-to-day profits. Particular factors such as new competition growing up around the location, road construction, and also personnel turn over can impact repeat consumers as well as negatively affect future incomes. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the chance to build a returning client base. A last idea is the basic location demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the local average home earnings effect future revenue potential?