Listing ID: 73165
Unique business serving a large metropolitan market with almost no competition and experiencing a growing demand due to the national and statewide housing shortage. This fully-staffed energy efficiency rating company operates under the ResNet umbrella and offers HERS certified inspections and energy reports for new home builds. The company performs over 95% of all new home inspections in a metropolitan area of >1M. Huge margins and turn-key operation that is fully staffed and self-maintaining. This is a great opportunity for a motivated entrepreneur with dreams of developing a business with limited competition.
- Asking Price: $2,100,000
- Cash Flow: $678,138
- Gross Revenue: $1,132,285
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:600
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Two weeks transition and option for long-term support
New business ventures
Add new rating staff and expand geographically
The company was started in 2009, making the business 13 years old.
The company has 7 employees and is located in a building with approx. square footage of 600 sq ft.
The real estate is leased by the company for $600 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals decide to sell companies. Nonetheless, the true reason and the one they tell you may be 2 entirely different things. As an example, they might say "I have a lot of other commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is really important that you not depend absolutely on a vendor's word, yet rather, utilize the vendor's answer in conjunction with your overall due diligence. This will repaint an extra practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money in order to cover points like supplies, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new consumers? Most times, companies have repeat clients, which develop the core of their everyday revenues. Specific elements such as brand-new competitors sprouting up around the location, road construction, and personnel turn over can influence repeat customers as well as negatively influence future incomes. One important thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the regional average family earnings impact future earnings potential?