Listing ID: 72680
This twenty-year-old company has been run successfully on an absentee, part-time basis since 2014. The owner spends an average of ten hours per week managing the business. The company serves residential, commercial/ residential, and commercial customers with services that include window, roof, and deck/patio maintenance. A mix of full-time and contracted labor balances the need for service quality with fluctuations in seasonal demand.
Revenues and profitability have rebounded from the impact of the early Covid restrictions.
Located in a highly desirable area to live and work. SE10294
- Asking Price: $100,000
- Cash Flow: $44,188
- Gross Revenue: $357,074
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- 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
The current lease is month to month, a new lease is available Hours Monday thru Friday from 8 am to 5 pm
3 weeks, 13 hours per week
Retirement and relocation out of country
The business was founded in 2000, making the business 22 years old.
The company has 3 FT/2 PT/1 Cont employees and resides in a building with approx. square footage of N/A sq ft.
The building is leased by the company for $925 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. However, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, however rather, utilize the seller's response in conjunction with your overall due diligence. This will paint an extra practical image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that profit margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their daily profits. Specific aspects such as brand-new competition growing up around the location, roadway building and construction, and also staff turn over can affect repeat clients as well as negatively affect future earnings. One vital point to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the opportunity to build a returning client base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the regional typical home income effect future earnings prospects?