Listing ID: 73849
PRICE REDUCED. SELLER MOTIVATED. Countertops and Cabinet business located in Columbus, Ohio area Established 25 years. Sellers looking to retire and they will transition and train new owners with the sale. Annual sales 6 Million. Annual cash flow 350,000. Asking price 700,000 plus inventory of $300,000. 700,000 in equipment. Well run operation with long term employees. Plenty of potential for growth. Plenty of capacity growth with existing equipment and facility. Approved for an SBA loan with 10% down. Please reply to Columbus Business Brokers: Mike Hedgebeth, Mike@Hedge-Financial.com
- Asking Price: $700,000
- Cash Flow: $350,000
- Gross Revenue: $6,000,000
- EBITDA: N/A
- FF&E: $700,000
- Inventory: $300,000
- Inventory Included: N/A
- Established: 1995
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:30,000
- Lot Size:N/A
- Total Number of Employees:40
- Furniture, Fixtures and Equipment:N/A
Yes full support and training
The company was established in 1995, making the business 27 years old.
The sale won't include inventory valued at $300,000*, which ins't included in the listing price.
The business has 40 employees and is located in a building with disclosed square footage of 30,000 sq ft.
The property is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the true reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of other factors. This is why it is very vital that you not count completely on a vendor's word, yet instead, use the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover points like inventory, payroll, accounts payable, etc. Remember that in some cases this can suggest that profit margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new consumers? Often times, businesses have repeat clients, which create the core of their daily earnings. Specific elements such as new competitors sprouting up around the area, roadway construction, and also employee turn over can impact repeat consumers as well as adversely affect future incomes. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood typical household earnings impact future earnings prospects?