Listing ID: 75124
Great opportunity to be a part of an established business in a prime location! 8 years of being in the sales industry providing quality service to all. Has massive growth potential and provides great work-life balance as you step into the ladder of success. This owner operated business provides supplies to hotels, janitorial businesses and other small businesses. Asking price includes clients, equipment, & supplies and the real estate . Seller will provide support for seamless transition to the new owner.
- Asking Price: $1,200,000
- Cash Flow: N/A
- Gross Revenue: $324,740
- EBITDA: $196,888
- FF&E: N/A
- Inventory: $92,000
- Inventory Included: Yes
- Established: 2013
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:2,377
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
It is a commercial building built in 1996 with a 2 unit condominium, 4 bath & 2 beds, includes a warehouse with 1370 square feet. Total building size is 2377 square feet.
The owner is willing to train the buyer so that it will result to a proper and seamless transition.
It's a lucrative business that has a lot of potential and in a prime location.
Many opportunities for growth is possible. A buyer with experience in sales and management can take the business to greater heights.
The business was started in 2013, making the business 9 years old.
The sale will include inventory valued at $92,000, which is included in the asking price.
The company has 1 employees and is situated in a building with approx. square footage of 2,377 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 absolutely different things. As an example, they might claim "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of various other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, however instead, utilize the vendor's response in conjunction with your overall due diligence. This will repaint a much more realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Many times, operating businesses have repeat customers, which create the core of their day-to-day profits. Certain factors such as new competitors sprouting up around the area, roadway construction, and staff turnover can influence repeat clients as well as negatively impact future revenues. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the opportunity to build a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional median house earnings impact future revenue prospects?