Listing ID: 73107
This is your chance to step in and take over a well-established, highly reputable, Colorado-based home staging company. This is an ideal opportunity to be part of a fast growing industry. In their 2021 Profile of Home Staging, the National Association of REALTORS® states that “31 % of sellers’ agents said they staged all sellers’ homes prior to listing them for sale”. This thriving business offers full service, has an average of 25-35 homes staged at any point in time, an established network of over 50 Realtors that they work with consistently, and have ongoing communication with over 140 contacts on a monthly basis. All operational procedures are well-defined and proven effective – systems, industry specific platforms and applications, documentation templates, inventory control, project management, etc., as well as a network of subcontractors, vendors, wholesalers are established. Seller will train; staff includes stagers, installers, inventory management, and marketing. This business has unlimited growth potential for someone with entrepreneur, project management, and relationship management skills. It offers the possibility of semi-absentee ownership. Don’t let this opportunity pass by! SBA pre-approved – Inquire now.
- Asking Price: $499,000
- Cash Flow: $126,650
- Gross Revenue: $336,943
- EBITDA: N/A
- FF&E: N/A
- Inventory: $340,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,100
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Rented storage facility
30 days; up to 40 hours per week
Pursue other opportunities
Growth has been mostly through word-of-mouth; increased marketing could result in significant growth
The company was started in 2015, making the business 7 years old.
The deal shall include inventory valued at $340,000, which is included in the listing price.
The business has 6 employees and resides in a building with estimated square footage of 5,100 sq ft.
The building is leased by the business for $5,547 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell operating businesses. However, the real reason and the one they tell you may be 2 absolutely different things. For instance, they might claim "I have too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is very important that you not depend entirely on a vendor's word, yet rather, make use of the seller's response in conjunction with your total due diligence. This will paint a more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too tight. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location attract new consumers? Many times, companies have repeat clients, which form the core of their everyday revenues. Particular elements such as new competitors growing up around the location, roadway construction, as well as employee turn over can impact repeat clients and also adversely influence future incomes. One vital point to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business often, the higher the chance to build a returning consumer base. A last thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it located on the edge of town? Exactly how might the regional average home earnings impact future earnings potential?