Listing ID: 74250
This highly profitable custom granite business does custom granite work to suit any need. The shop is ideally located to serve both NW Arkansas and Southern MO and draws clientele from both areas. The reputation of the company is outstanding and no outside sales are required to sustain revenue or profits.
The real estate, three vehicles, a trailer, CNC machine, saws and numerous tools convey with the asking price. Owner’s will offer some financing for the right buyer as well. This business is a rare high SDE opportunity.
- Asking Price: $1,199,900
- Cash Flow: $343,369
- Gross Revenue: $1,032,701
- EBITDA: N/A
- FF&E: N/A
- Inventory: $85,000
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:5,800
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The facilities are ideally located for serving Southern MO and NW Arkansas. The building and grounds are part of a cost saving strategy that increases the SDE. The real estate is a required part of the transaction.
The owners will provide support and training to the buyer. The length and terms are negotiable.
Northwest Arkansas and Southern Missouri are booming with housing growth leaving plenty of market share remaining to capture for this business.
The owners are happy running a small crew and do not do any outside sales. All business comes in on a referral basis. The business could grow with sales effort and additional installers.
The venture was founded in 2015, making the business 7 years old.
The transaction will include inventory valued at $85,000, which is included in the requested price.
The company has 6 employees and is situated in a building with estimated square footage of 5,800 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the genuine reason and the one they say to you might be 2 completely different things. As an example, they may say "I have too many various commitments" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be justifications to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or a range of other factors. This is why it is very essential that you not count completely on a seller's word, but instead, utilize the vendor's response combined with your overall due diligence. This will repaint a more realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans so as to cover points such as stock, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in brand-new consumers? Often times, operating businesses have repeat clients, which develop the core of their everyday revenues. Particular variables such as brand-new competition growing up around the area, road construction, and employee turn over can affect repeat customers and adversely influence future incomes. One important thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? How might the regional mean home income effect future earnings prospects?