Listing ID: 76470
Business Overview
Established and successful business offers exclusive property management on luxury second homes for homeowners. They perform weekly home inspections to maintain the highest level of integrity and protect the client’s assets by minimizing risk from catastrophic damage. They offer property care including housekeeping, basic maintenance, security, snow removal, vendor and sub-contractor management, etc.. The established client list is valued at over one hundred million dollars in combined real estate. The business has experienced steady growth each year and has proven to be recession-proof, surviving three recessions over the years. The business has been run conservatively, therefore tremendous growth opportunities exist. For sale due to retirement. The owner will train to ensure a smooth transition.
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Financial
- Asking Price: $1,200,000
- Cash Flow: $303,033
- Gross Revenue: $800,838
- EBITDA: N/A
- FF&E: $5,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Home-based. (Home Based)
Yes, included.
Retirement.
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they may claim "I have too many other commitments" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current decrease in profits, or a variety of various other reasons. This is why it is very vital that you not depend absolutely on a seller's word, but instead, make use of the seller's solution together with your overall due diligence. This will paint a much more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new customers? Often times, companies have repeat clients, which create the core of their daily revenues. Certain variables such as new competition sprouting up around the area, road building, as well as employee turnover can impact repeat customers as well as adversely affect future profits. One important point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the greater the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Exactly how might the regional median household income influence future earnings potential?
