Listing ID: 76485
Business Overview
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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Financial
- 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
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:3
- Furniture, Fixtures and Equipment:N/A
Home-based. (Home Based)
Yes,2 weeks
Other Business Interests
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. However, the genuine reason vs the one they say to you might be 2 totally different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in profits, or a range of various other reasons. This is why it is really important that you not depend entirely on a vendor's word, yet instead, make use of the vendor's solution along with your general due diligence. This will paint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies finance loans in order to cover points like supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can suggest that profit margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back 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 suppliers that have to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in brand-new consumers? Most times, operating businesses have repeat customers, which create the core of their daily profits. Particular variables such as new competition sprouting up around the location, road building and construction, and also personnel turn over can affect repeat consumers and also adversely affect future profits. One crucial point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the chance to build a returning consumer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical house earnings influence future income potential?
