Business Overview

This thriving fireplace, HVAC, and plumbing business are located in beautiful Lake Tahoe, CA. This business provides a gas fireplace, heating, and plumbing product sales, installation, repair, and maintenance service and is the go-to establishment in the area. A consistently full schedule and a strong, positive cash flow. This low overhead business also has a very large number of recurring service customers. Steady or increasing annual revenue for the last 5 years. Owners wish to retire and sell to a new owner that can take advantage of the growth in the area. Owners are willing to stay on for an extended training period with the contract agreement. All inventory included $90K plus- SA10309

Financial

  • Asking Price: $350,000
  • Cash Flow: $229,303
  • Gross Revenue: $966,953
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $90,000
  • Inventory Included: Yes
  • Established: 1965

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,500
  • Lot Size:N/A
  • Total Number of Employees:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Hours Monday thru Friday 8 am to 5 pm SBA approved $315,000

Is Support & Training Included:

Seller training is available 2 weeks, 40 hours per week

Purpose For Selling:

Retirement

Additional Info

The venture was established in 1965, making the business 57 years old.
The sale does include inventory valued at $90,000, which is included in the listing price.

The company has 2 employees and is situated in a building with approx. square footage of 1,500 sq ft.
The building is leased by the company for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. However, the true factor vs the one they tell you might be 2 entirely different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in earnings, or a variety of various other reasons. This is why it is really important that you not count completely on a seller's word, but rather, make use of the vendor's answer together with your total due diligence. This will paint a much more reasonable picture of the business's present scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies finance loans so as to cover things such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can mean that earnings margins are too thin. Numerous businesses fall into 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new clients? Many times, businesses have repeat clients, which form the core of their everyday revenues. Particular elements such as new competitors growing up around the area, road building, and also staff turn over can impact repeat clients and adversely impact future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the possibility to construct a returning consumer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean house earnings effect future earnings potential?