Listing ID: 73825
Assembly business established for 25+ years in Louisville, KY. Assembly process allows the business to control the inputs and results in a high-quality product that separates them from competition. This has resulted in growth in recent years with 2021 sales approaching $2.7M.
Owner receives all business from referral or repeat customers. A motivated Buyer could use additional marketing and sales efforts to continue to the momentum and increase sales and resulting cash flow.
All FFE included in purchase price and valued at $475,000.
Real estate is available for purchase at an additional price and is valued at $900,000. Inventory also available for purchase at additional price and currently valued at $325,000
Owner is very motivated and is looking to retire and spend more time with family. They are open to transition with a buyer and offer longer term support. Great opportunity to increase marketing efforts and sales for greater cash flow. This is a great business and a fantastic opportunity for expansion.
Business and real estate have been approved for SBA loan.
Reply to Mike@Hedge-financial.com if interested.
- Asking Price: $575,000
- Cash Flow: $300,000
- Gross Revenue: $2,700,000
- EBITDA: N/A
- FF&E: $475,000
- Inventory: $325,000
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Owner willing to fully transition
The business was started in 1996, making the business 26 years old.
The transaction doesn't include inventory valued at $325,000*, which ins't included in the listing price.
The company has 15 employees and resides in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell businesses. Nevertheless, the real reason vs the one they say to you might be 2 completely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is really essential that you not rely totally on a vendor's word, but instead, make use of the vendor's response along with your general due diligence. This will paint a much more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new customers? Most times, companies have repeat customers, which form the core of their day-to-day profits. Certain aspects such as new competitors sprouting up around the location, roadway building and construction, as well as staff turn over can impact repeat clients and negatively influence future profits. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the better the possibility to construct a returning customer base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the regional median family earnings effect future income prospects?