Listing ID: 76480
An established business of six years that performs appliance repair and maintenance in Summit County. The business has a great reputation in the community and a loyal customer list of local property management companies and homeowners and is approved to perform warranty work for 4 major manufacturers. Opportunities for growth exist in extending service area, hiring additional technicians and adding additional high-demand services. The business has a solid 5-star google rating and is an A+ accredited business with the BBB. Seller will fully train a buyer with limited industry experience.
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- Asking Price: $175,000
- Cash Flow: $46,070
- Gross Revenue: $280,702
- EBITDA: N/A
- FF&E: $65,000
- 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:3
- Furniture, Fixtures and Equipment:N/A
Yes, 2 weeks
Other business interests
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine reason vs the one they say to you might be 2 completely different things. As an example, they might say "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or an array of other reasons. This is why it is very important that you not rely totally on a vendor's word, but rather, use the seller's answer combined with your overall due diligence. This will repaint a much more realistic picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that profit margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might cause charges 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 develop the core of their day-to-day earnings. Certain aspects such as brand-new competitors sprouting up around the location, roadway building, and also personnel turnover can affect repeat customers and negatively affect future incomes. One important point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the regional median family income influence future earnings prospects?