Listing ID: 76415
The business sells, designs, and erects steel buildings. The company also offers additional services such as anchor bolt inspection, building unload and inventory, on-site consultations for projects, as well as assist in existing building repairs. The company has a reputation of providing excellent service at fair prices. Additionally, it is considered a one stop shop for clients and has growth opportunities.
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- Asking Price: $575,000
- Cash Flow: $315,988
- Gross Revenue: $1,311,710
- EBITDA: N/A
- FF&E: $197,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Home-based (Home Based)
4 weeks included
This Business Is Home Based
The company was established in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nevertheless, the true factor and the one they tell you might be 2 totally different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, recent reduction in earnings, or a variety of various other reasons. This is why it is extremely important that you not depend absolutely on a seller's word, yet rather, use the seller's solution together with your general due diligence. This will repaint a much more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that earnings margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments 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 lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new clients? Many times, companies have repeat consumers, which create the core of their daily earnings. Certain factors such as new competition growing up around the area, road building, and also employee turn over can affect repeat consumers and also negatively influence future incomes. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the higher the chance to develop a returning client base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the neighborhood median home income influence future revenue prospects?