Listing ID: 74992
This unique business opportunity has it all, with revenue exceeding 1.5 million annually, loyal staff and repeat clients. Their distinctive services coupled with their strong relationships with industry leaders distinguish them from competitors in the area, bringing in more revenue each year. This business is poised for growth and a great opportunity to jump start your first business in a niche market.
- Asking Price: $1,500,000
- Cash Flow: N/A
- Gross Revenue: $1,627,868
- EBITDA: $421,471
- FF&E: N/A
- Inventory: $350,000
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Book of business, inventory and 4 work trucks included in sale
Owner is open to a stay on for a transitional period in order to ensure a smooth transition
They have good relationships with leading pool builders in the valley and are one of only three companies that provide these services
This industry is booming has been steadily increasing in revenue each year and has room for even more growth with an increase in marketing
The sale shall not include inventory valued at $350,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nevertheless, the true factor vs the one they tell you may be 2 absolutely different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is extremely important that you not count absolutely on a seller's word, however instead, use the vendor's answer along with your overall due diligence. This will paint a more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in brand-new customers? Often times, businesses have repeat consumers, which create the core of their day-to-day profits. Particular elements such as new competition growing up around the location, road construction, and staff turn over can influence repeat consumers and also negatively affect future profits. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the chance to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the regional typical household income effect future revenue potential?