Listing ID: 76443
This one-stop shop sells and installs mid to high end fireplaces for a variety of customers, specializing in limestone and plaster. In operation for over 15 years, the business has built a strong reputation in the remodeling industry with quality craftsmanship and top-notch customer service. The current owner oversees the day-to-day operations and has an experienced staff that can handle any project in the pipeline. With a large portfolio ranging from the average DIY project to high profile clients, this business continues to grow from word of mouth and other traditional advertising methods. Customers can shop the luxury showroom in an ideal location, or browse the website to learn more about the products and processes. This company is on an upward trend and keeping pace with the strong Colorado real estate market. The owner is ready and willing to support the transition. Don’t wait! Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country – listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
- Asking Price: $394,000
- Cash Flow: $136,322
- Gross Revenue: $741,996
- EBITDA: N/A
- FF&E: $15,000
- Inventory: $1,000
- Inventory Included: Yes
- 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:5
- Furniture, Fixtures and Equipment:N/A
Custom-built, high-end showroom with 2700 sqft.
Yes, 4 weeks.
The sale shall include inventory valued at $1,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or an array of other reasons. This is why it is extremely vital that you not depend completely on a vendor's word, however instead, utilize the seller's solution combined with your overall due diligence. This will paint an extra practical image of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that earnings margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new consumers? Most times, businesses have repeat clients, which form the core of their everyday earnings. Particular elements such as new competitors growing up around the area, roadway building and construction, and staff turn over can influence repeat clients and also negatively affect future earnings. One important thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the higher the possibility to construct a returning customer base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the neighborhood typical family earnings effect future earnings prospects?