Business Overview

This business is a well-established window, mirror and shower door service and sales company. This company has a long history of excellent service in the area for over 35 years under a couple of different owners. The present owners have run the company since 2000 and operate the business with some part-time help. The company is located on a busy street in the city’s industrial park.This industry is performing well in spite of the virus that has devasted a great many the nations businesses.

Financial

  • Asking Price: $320,000
  • Cash Flow: $129,796
  • Gross Revenue: $533,852
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $24,000
  • Inventory Included: Yes
  • Established: 1993

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:

The facility is a leased approximately 4032 square foot facility in an industrial park. The building was built for this business and included a front public entry area, a counter, office, and service area with two garage bay service areas.

Is Support & Training Included:

The owners will tain the new buyers for 30 days at no cost.

Purpose For Selling:

The owners would like to move to Central Oregon

Pros and Cons:

There is some copetition in the area, this company is well established and has earned an excellent reputation

Opportunities and Growth:

The growth of this type of service business, depends only on how much a new owner would want to work. Additional employees, and expanding more agressively to the to the towns to the north and south.

Additional Info

The company was established in 1993, making the business 29 years old.
The sale shall include inventory valued at $24,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 entirely different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a range of various other reasons. This is why it is really vital that you not count completely on a vendor's word, however rather, use the vendor's solution combined with your general due diligence. This will paint a much more realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in brand-new consumers? Often times, operating businesses have repeat customers, which develop the core of their day-to-day revenues. Certain variables such as new competition sprouting up around the area, roadway construction, and also employee turn over can affect repeat customers and negatively impact future earnings. One crucial thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to build a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional typical household earnings impact future revenue prospects?