Listing ID: 73617
Top Rated Awning and Canopy manufacturing company in the Tampa Bay Area. This sale includes 2 businesses in 1 all under 1 roof.!!! Well known for their residential – commercial QUALITY and SERVICE, their reviews reflect what customers say about the business. This company is FULLY STAFFED and equipped with upgraded equipment to go to the next level for high production and increase the current revenue. The company has been doing physical sales calls only two days a week for the last two years, also utilizing an online bidding platform for general contractor projects. THEY HAVE INCREASED THEIR REVENUE YEAR AFTER YEAR, EVEN DURING COVID.
Fully staffed with a full time in-house estimator and CAD drawer. A five day a week sales position would double current revenue if added for all scheduled local area sales calls. The current products manufactured have been welded aluminum frames with fabric and vinyl covered awnings and canopies, along with retractable awnings. There are many areas that can be improved on to increase revenue and also added if the new owner chooses to do so (custom railings, signs, graphics, banners, boat covers and custom sewn canvas products) all listed items are currently asked for, however the current owner is overbooked with standard awning and canopy workflow.
This company has a current Florida General Contractors License that can be possibly utilized with the new ownership. Current facility is 14,000 +/- square feet, offices and showroom in place for growth of sales and administration.
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***
We will not release any information unless there is a Non-disclosure signed with proof of funds. No Exceptions.
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $949,000
- Cash Flow: $461,698
- Gross Revenue: $1,760,697
- EBITDA: N/A
- FF&E: $300,000
- Inventory: $25,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:14,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Huge warehouse space with plenty of office space
4 weeks at no cost to buyer
Other family business interests
The venture was founded in 2017, making the business 5 years old.
The transaction does include inventory valued at $25,000, which is included in the listing price.
The company has 6 employees and resides in a building with approx. square footage of 14,000 sq ft.
The real estate is leased by the business for $8,100 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the real factor and the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competitors, recent decrease in earnings, or an array of various other factors. This is why it is really essential that you not depend entirely on a vendor's word, yet rather, utilize the seller's response along with your general due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too small. Numerous organisations fall into 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 think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract brand-new clients? Most times, companies have repeat consumers, which develop the core of their day-to-day profits. Particular elements such as new competition growing up around the area, road construction, and also staff turn over can affect repeat consumers as well as adversely affect future revenues. One vital point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the chance to build a returning client base. A last thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Just how might the local average family earnings influence future income prospects?