Listing ID: 72662
The Company is a full-service business interior contractor for commercial and industrial buildings. Its customers are located throughout Western Washington with the majority located within the Greater Puget Sound area. Clients are sourced primarily by referral and include a significant number of repeat customers, many of whom are highly respected Fortune 500 companies. It handles all phases of construction from planning and estimating to final delivery. Primary construction activities are performed by well-tested, long-serving subcontractors. The Company’s highly skilled workforce is the driver of its excellent reputation and continued success. There is a substantial depth of talent and excellent tenure. The Company delivers consistently compelling results and has excellent growth potential. SE10626
- Asking Price: N/A
- Cash Flow: $4,574,243
- Gross Revenue: $29,493,232
- EBITDA: N/A
- FF&E: N/A
- Inventory: $600,000
- Inventory Included: Yes
- Established: 1990
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,120
- Lot Size:N/A
- Total Number of Employees:36
- Furniture, Fixtures and Equipment:N/A
A new lease is available, Hours Monday thru Friday from 8 am to 5 pm
8 weeks, 20 hours per week
The company was established in 1990, making the business 32 years old.
The transaction shall include inventory valued at $600,000, which is included in the suggested price.
The business has 36 FT/1 PT employees and is located in a building with disclosed square footage of 5,120 sq ft.
The property is leased by the company for $11,348 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. However, the true reason vs the one they tell you might be 2 absolutely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may simply be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is extremely essential that you not count completely on a vendor's word, however instead, utilize the vendor's answer in conjunction with your general due diligence. This will paint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their day-to-day revenues. Particular aspects such as new competitors sprouting up around the area, road building, and employee turn over can affect repeat clients and negatively affect future revenues. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the chance to construct a returning customer base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood mean house income influence future revenue potential?