Listing ID: 76209
Company offering Structural Steel fabrication and installation in Central Colorado on luxury homes ranging from $1M to $35M in value. Jobs are bid based on reliable and conscientious working relationships with General Contractors with whom there’s a long and productive relationship. The company has developed a reputation for quality work and dependability with both Contractors and Developers. A small staff of 10 is experienced and motivated allowing the owner time away from the business when needed. Transition assistance is available. Equipment is in good condition.
- Asking Price: $995,000
- Cash Flow: $554,773
- Gross Revenue: $1,517,050
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $1,500
- Inventory Included: Yes
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,800
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Two 2400 sq. ft shop spaces. Each rent for $1,800.00 per month. Electric and Gas average $300.00 per month.
The business was founded in 2015, making the business 7 years old.
The sale will include inventory valued at $1,500, which is included in the requested price.
The business has 10 employees and is situated in a building with disclosed square footage of 4,800 sq ft.
The real estate is leased by the business for $3,600 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the genuine factor and the one they say to you might be 2 absolutely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is extremely important that you not depend completely on a seller's word, however rather, use the vendor's response combined with your overall due diligence. This will paint an extra sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many businesses finance loans in order to cover things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location draw in new clients? Most times, operating businesses have repeat consumers, which develop the core of their everyday profits. Specific elements such as new competition sprouting up around the location, roadway building and construction, and also employee turnover can influence repeat consumers as well as negatively affect future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business on a regular basis, the greater the possibility to build a returning consumer base. A last thought is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? How might the regional average household income influence future earnings potential?