Listing ID: 73831
Company offers end-to-end epoxy and polished concrete flooring system installation of any size commercial or residential project. Engineered epoxy flooring systems for commercial projects of all sizes. Installations using high-quality resins for a broad scope of industries. Ohio’s leader in commercial polished concrete projects.
- Asking Price: $350,000
- Cash Flow: $243,191
- Gross Revenue: $685,971
- EBITDA: N/A
- FF&E: $130,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The business was started in 2015, making the business 7 years old.
The sale does include inventory valued at $1,500, which is included in the suggested price.
The property is leased by the company for $1,044 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nevertheless, the true factor vs the one they say to you may be 2 totally different things. As an example, they may claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in incomes, or a variety of various other reasons. This is why it is extremely important that you not count entirely on a vendor's word, however instead, make use of the seller's answer in conjunction with your general due diligence. This will repaint a much more realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering items such as inventory, payroll, accounts payable, etc. Remember that in some cases this can imply that revenue margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new clients? Many times, companies have repeat clients, which form the core of their everyday revenues. Particular aspects such as brand-new competition growing up around the location, roadway construction, as well as employee turn over can impact repeat clients and also negatively affect future profits. One crucial point to take into consideration is the area 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 regularly, the greater the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the neighborhood typical family earnings effect future revenue potential?