Listing ID: 76446
Recession Resistant! Established business of 21 years that provides septic tank installation, cleaning, repairs, and inspections is for sale. They have an established customer list and a great reputation in the industry. There is a high demand for services and significant opportunities for growth and expansion. The company has experienced 10-15% year over year growth since 2001.
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- Asking Price: $850,000
- Cash Flow: $221,733
- Gross Revenue: $890,283
- EBITDA: N/A
- FF&E: $575,000
- 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:4
- Furniture, Fixtures and Equipment:N/A
Office space with 1,000 sqft.
Yes, 2 weeks.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. However, the real factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is very vital that you not rely completely on a seller's word, however rather, use the seller's response along with your general due diligence. This will repaint a much more sensible image of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover things like supplies, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too tight. Many businesses 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 tools or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new consumers? Many times, companies have repeat customers, which create the core of their day-to-day profits. Particular elements such as brand-new competitors sprouting up around the area, road construction, and also employee turn over can influence repeat clients as well as negatively affect future revenues. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the opportunity to develop a returning customer base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local average family earnings influence future earnings potential?