Listing ID: 76021
With Zero employees and over 5 years in operation, this is a stable, established, business. Started in 2014 and is located in NYC. Initially conducting ACP5 inspections, in 2016 started offering a wider array of services including expediting, violations remediation, building code consulting, zoning analysis, and any services related to municipal agencies. Working in the boroughs of Manhattan, Brooklyn, Queens, and the Bronx, processes applications through various city agencies, focusing on the Department of Buildings
Seller remaining on board for a determined period of time with new ownership in consultative and assistive managerial roles.
Customers include government organizations, state agencies, general contractors, construction managers, property managers, and property owners.
The company is ready for the next level in the environmental inspection industry.
Opportunities are plentiful for growth in the New York City area as well as widening the service area.
Specializing in property consulting including but not limited to:
Building Code Consulting
Fire Protection Consulting
Engineering Code Consulting
Building Code Research
If this is not for you do you think you may know someone who is in the market for a new business opportunity?
- Asking Price: $395,000
- Cash Flow: $300,000
- Gross Revenue: $423,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2014
- 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
The owner is willing to train/assist the new owner.
This Business Is Home Based
The venture was started in 2014, making the business 8 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or a range of other reasons. This is why it is extremely crucial that you not count totally on a seller's word, yet rather, make use of the seller's solution together with your total due diligence. This will paint a more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover points like inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too tight. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new customers? Most times, companies have repeat consumers, which develop the core of their daily earnings. Particular aspects such as brand-new competitors sprouting up around the location, roadway building and construction, as well as staff turn over can influence repeat consumers and negatively affect future incomes. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the opportunity to construct a returning consumer base. A final thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the local median family earnings impact future revenue potential?