Listing ID: 76467
This established business currently has little owner involvement and can be run from anywhere in the Denver Metro Area. They specialize in automotive lift installation, sales service, and repair. The clients include large dealerships, service and repair shops, and hobbyists. Unlike the competition, this company sells lifts from multiple manufacturers and also performs site inspections. The services provided include lift installations and service, service on components and performs yearly lift inspections. The Business is growing in both the commercial and home hobbyist market, with the opportunity to expand into others. Don’t miss out on this great deal!
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- Asking Price: $350,000
- Cash Flow: $137,496
- Gross Revenue: $347,048
- 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:4
- Furniture, Fixtures and Equipment:N/A
Relocatable and can be home-based. (Home Based)
Yes, 4 weeks.
Focus on other business.
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may just be justifications to try to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of various other reasons. This is why it is extremely important that you not count entirely on a vendor's word, however instead, make use of the vendor's answer combined with your total due diligence. This will paint a much more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new consumers? Many times, businesses have repeat consumers, which develop the core of their daily earnings. Specific variables such as new competitors sprouting up around the area, road building and construction, and also employee turn over can influence repeat clients and adversely influence future profits. One important point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business often, the greater the possibility to develop a returning consumer base. A last thought is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? How might the neighborhood typical home earnings impact future revenue potential?