Listing ID: 74770
Business Overview
Established for over 20 years this ADT authorized service provider also offers other services such as, Home Theatre & Surround Sound, Security Cameras and Home automation repair & install. Business is growing while maintaining its strong profit margins, primed for fresh blood to bring the business to the next level. For a quick response to your inquiry, please contact listing agent Mounir Bousaid (RE# S.0178371; Business Broker Permit# BUSB.0006910) or Andrea Bousaid (RE# S.0176816; Business Broker Permit# BUSB.0006883) at moe@fcbb.com or andrea@fcbb.com or call 702-321-1292
Financial
- Asking Price: $399,900
- Cash Flow: $188,074
- Gross Revenue: $619,579
- EBITDA: N/A
- FF&E: $5,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,900
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,900 square feet with a Total monthly rent of $2,304. Lease ends 03/2022 with One 1-year option. Seller is active with 5 FT employees. Hours of operation are 7am – 4pm, Monday to Friday.
7 calendar days
Retirement
Additional Info
The business was founded in 2001, making the business 21 years old.
The company has 5 FT employees and is situated in a building with estimated square footage of 1,900 sq ft.
The building is leased by the business for $2,304 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell companies. Nevertheless, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might just be excuses to attempt to hide the reality of altering demographics, increased competition, recent reduction in earnings, or a variety of various other factors. This is why it is very crucial that you not rely completely on a vendor's word, but instead, use the vendor's response along with your overall due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too small. Lots of organisations fall under a revolving door of taking loans 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 tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new consumers? Most times, businesses have repeat consumers, which develop the core of their day-to-day revenues. Particular factors such as brand-new competitors growing up around the location, road building and construction, and also staff turn over can influence repeat consumers as well as adversely influence future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business regularly, the greater the chance to build a returning customer base. A final thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the regional mean home earnings effect future revenue prospects?
