Listing ID: 76416
The business sells countertops direct to homeowners, contractors, kitchen designers and builders through a technology platform. There is an extensive client list and established relationships in the industry. They operate using a unique business model that allows the business to be run from anywhere with the use of an iPad and iPhone. Established systems and quoting software are in place to streamline processes and ensure a profit of 25-35% per job (average job is valued at $8-9K). There is minimal overhead and advertising expenses affording many opportunities for growth and expansion. Revenue for 2022 is on pace for $2.5mm to $2.8mm with cash flows over $1mm. Inquire further for more details.
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- Asking Price: $2,500,000
- Cash Flow: $652,076
- Gross Revenue: $1,589,935
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Home-based (Home Based)
4 weeks included
Other Business Opportunities
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 absolutely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is really essential that you not count completely on a seller's word, but rather, use the vendor's solution combined with your overall due diligence. This will repaint an extra practical picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies take out loans with the purpose of covering things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in new customers? Most times, companies have repeat clients, which create the core of their everyday revenues. Specific variables such as new competitors growing up around the location, road construction, and personnel turn over can impact repeat consumers and also adversely affect future incomes. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the greater the chance to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average home earnings impact future earnings potential?