Business Overview

This business specializes in kitchen and bath remodels along with granite fabrication, millwork and installations. The owner has been in the industry for over 25 years and is ready to hand off the past and present clients in an extended transition if requested. Seller will be retiring.

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Financial

  • Asking Price: $400,000
  • Cash Flow: $109,113
  • Gross Revenue: $1,467,667
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $50,000
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

5,000 combined square feet

Is Support & Training Included:

4 Weeks

Purpose For Selling:

Retirement

Additional Info

The transaction shall not include inventory valued at $50,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell operating businesses. Nevertheless, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is really important that you not depend absolutely on a seller's word, but instead, make use of the vendor's response in conjunction with your general due diligence. This will repaint a much more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that need to be satisfied or may lead to penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location attract new clients? Often times, businesses have repeat clients, which develop the core of their everyday earnings. Specific variables such as brand-new competitors growing up around the location, road building and construction, and also personnel turnover can influence repeat clients and negatively affect future incomes. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to construct a returning client base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median home earnings effect future earnings potential?