Business Overview

Unique Commercial Building service business in operation for 80 years in Central Ohio !!! This is a fantastic opportunity for a new owner operator or expanding service business. Fully turnkey with outstanding equipment package and extensive customer service list. Works with all facets of commercial property including Office, Industrial, Residential/Condo, College/University, Commercial, and much more. Confidential offering as to not disturb the ongoing business or employees. Consistent annual sales volume in the $1.3 M range with fantastic 6 figure profits. The business operates out of a 10,500 SF Office/Warehouse on 1.5 acres with great access to all major freeways in Central Ohio/Columbus. Financials are available to qualified buyers with signed Confidentiality/Non – Disclosure Agreement Broker provided. Business is priced at $350,000 for all the furniture, fixtures, equipment, contract rights, and intellectual properties. Real Estate is priced at $800,000. To be sold in a package with an asking price of $1,150,000. This is an extremely unique opportunity !!

Financial

  • Asking Price: $350,000
  • Cash Flow: $175,000
  • Gross Revenue: $1,300,000
  • EBITDA: $175,000
  • FF&E: $522,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1940

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:10,500
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

10,500 SF Office Warehouse on 1.5 acres in highly accessible location to all major Central Ohio freeways

Is Support & Training Included:

Shall be provided by Seller/Management

Purpose For Selling:

Retirement/Relocation

Additional Info

The business was established in 1940, making the business 82 years old.

The business has 20 employees and is located in a building with approx. square footage of 10,500 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell companies. However, the real reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in earnings, or a range of other factors. This is why it is extremely important that you not count totally on a vendor's word, but instead, use the vendor's response in conjunction with your general due diligence. This will paint an extra realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover things such as stock, payroll, accounts payable, etc. Remember that in some cases this can mean that earnings margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract new customers? Often times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular variables such as brand-new competition sprouting up around the location, road construction, and also staff turnover can affect repeat consumers and negatively influence future earnings. One important thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the better the chance to build a returning customer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional typical home earnings impact future revenue potential?