Listing ID: 76477
This is a lender pre-qualified profitable excavating business that has been in operation for 8 years. The sale includes an estimated $4.4M in equipment necessary to complete the large projects it specializes in. The Business has a full pipeline due to its strong reputation for quality work at a fair price and has no trouble in gaining new work. The business also provides additional services to a wide range of clients to diversify the revenue streams and contribute to the strong cash flow. This Business is built on a solid foundation and is primed for quick growth.
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- Asking Price: $5,202,000
- Cash Flow: $871,302
- Gross Revenue: $4,851,623
- EBITDA: N/A
- FF&E: $4,460,800
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
12 weeks included
Spend time with family
The business was started in 2012, making the business 10 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be justifications to try to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is really crucial that you not rely entirely on a seller's word, however instead, use the seller's solution together with your general due diligence. This will repaint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover points such as supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that profit margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally 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 agreements with vendors that have to be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday earnings. Certain factors such as new competitors growing up around the location, road construction, as well as employee turn over can impact repeat clients as well as adversely influence future profits. One important thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business often, the better the possibility to construct a returning customer base. A final thought is the general location demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Exactly how might the local median family income effect future income potential?