Listing ID: 76454
There are few more lucrative opportunities than an established, full-service residential & commercial plumbing and heating company such as this one located just outside of Boulder County, Colorado. The business has a great reputation in the community; known for its superior workmanship, honesty, and reliability. There is a high demand for services and huge growth opportunities. The highly trained and tenured staff has over 50 years of combined experience and will be a great asset to the new owner. The SDE of $167,700 is a blended average over the past 3 years and the business is tracking for $1.1mm in revenue for 2021. Included in the price is $279k worth of inventory, trucks, and assets.
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- Asking Price: $500,000
- Cash Flow: $175,950
- Gross Revenue: $1,229,834
- EBITDA: N/A
- FF&E: $279,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Warehouse & office space with 2,000 sqft.
Yes, 3 weeks.
The company has 10 employees and is situated in a building with estimated square footage of 2,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell operating businesses. Nevertheless, the genuine reason vs the one they say to you might be 2 entirely different things. For instance, they might state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be excuses to try to hide the reality of altering demographics, increased competition, current reduction in incomes, or an array of various other reasons. This is why it is very crucial that you not depend completely on a vendor's word, however rather, make use of the vendor's solution together with your overall due diligence. This will paint a more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that profit margins are too tight. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that need to be met or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in new clients? Often times, businesses have repeat clients, which create the core of their everyday revenues. Certain variables such as brand-new competition growing up around the area, road construction, as well as staff turn over can affect repeat customers as well as adversely impact future incomes. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the possibility to develop a returning client base. A last thought is the general area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? Just how might the regional median family income effect future revenue potential?