Listing ID: 73809
Business is booming! Fully Staffed, Turnkey, Relocatable 16 year old, well established, consistently high profit Home Improvement Business with tremendous upside potential. Reputation for high quality products and services, includes repeat clientele, trusting relationships with local builders, commercial contractors and municipalities. Contact Broker directly to avoid referral fees (in excess of $75,000). Pre-qualified for SBA 7a Loan for qualified buyer with 10% down payment. Fully staffed. Employees: 3.5 Salespeople, 1 Office Admin, 4 full-time installers, 2 part-time installers
- Asking Price: $1,660,000
- Cash Flow: $651,000
- Gross Revenue: $2,000,000
- EBITDA: N/A
- FF&E: $185,525
- Inventory: $30,000
- Inventory Included: Yes
- Established: 2006
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
One location (relocatable) - Just minutes from two major Interstate Highways. 2,400 sq. ft. warehouse, with 640 sq. ft. showroom & office area.
FULLY STAFFED, Comprehensive In-house sales and installation training programs available. Fully Staffed - Turnkey Business
Widest range of product offerings in the industry Professional Sales Approach – Representatives offer a low-pressure 1-2-hour consult resulting in a full design of the product/space, Follow up process (9 steps of the sale). Low-price policy provides for matching pricing for same or comparable products in terms of quality, features, warranties and service.
Consistent and productive advertising generates consistent ongoing business opportunities in Northern Kentucky areas. Fully Staffed - Turnkey Business.
The venture was started in 2006, making the business 16 years old.
The transaction does include inventory valued at $30,000, which is included in the suggested price.
The business has 8 employees and resides in a building with approx. square footage of 2,400 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the real factor and the one they say to you might be 2 absolutely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely essential that you not rely entirely on a seller's word, however rather, utilize the seller's response together with your general due diligence. This will repaint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too small. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Many times, operating businesses have repeat customers, which develop the core of their daily revenues. Certain elements such as new competition growing up around the area, road construction, and personnel turn over can impact repeat clients and also adversely influence future revenues. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the chance to construct a returning client base. A last thought is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the regional average family earnings impact future earnings potential?