Listing ID: 76476
Business Overview
This company specializes in cleaning kitchen exhaust systems (hoods, ducts, fans, and filters). This business has been operating for over 5 years and has roughly 70 customers. This is a great opportunity for a first-time business owner buying an established turnkey business that operates without an office expense. This is also an opportunity for someone already doing this work who is looking to grow accounts via an acquisition. All equipment is included. Inquire now for more details.
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Financial
- Asking Price: $65,000
- Cash Flow: $51,513
- Gross Revenue: $78,050
- EBITDA: N/A
- FF&E: $3,500
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Home-based. (Home Based)
Yes, 2 weeks.
Other Business Opportunities.
This Business Is Home Based
Additional Info
The company was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the real reason and the one they say to you might be 2 completely different things. As an example, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, current decrease in incomes, or a range of other reasons. This is why it is really important that you not rely totally on a seller's word, however rather, use the seller's response combined with your overall due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in brand-new customers? Many times, operating businesses have repeat customers, which create the core of their everyday profits. Certain variables such as new competition sprouting up around the area, roadway construction, and also staff turnover can affect repeat consumers and also negatively impact future incomes. One important point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average family income impact future revenue potential?
