Listing ID: 74036
Providing general contracting services for the last 25 years with a reputation of quality and performance. The company has developed a reputation in the health care space and with doctors and dentists as “best in class” for contracting services. The company has developed an elite group of sub-contractors over several years that understand the expected quality and professionalism of their projects. This is accomplished by clearly communicated expectations and accountability on every job.
- Asking Price: $1,500,000
- Cash Flow: $481,952
- Gross Revenue: $1,289,451
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1995
- 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
Home based office. (Home Based)
Will train for 2 weeks @ $0 cost.
The Columbus ADI continues to be one of the most active markets in Ohio and the Midwest.
This Business Is Home Based
The venture was founded in 1995, making the business 27 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a variety of other factors. This is why it is very important that you not rely completely on a vendor's word, but rather, utilize the vendor's response together with your total due diligence. This will repaint an extra sensible image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract brand-new customers? Many times, businesses have repeat clients, which create the core of their everyday revenues. Specific variables such as brand-new competition sprouting up around the location, roadway building, as well as staff turn over can influence repeat clients as well as adversely influence future revenues. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to build a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average household income effect future revenue potential?