Listing ID: 76520
Small septic service business that provides septic pumping and general maintenance, certified OWTS/NAWT septic inspections, sewer and drain work, repairs, replacements, and installation. Niche, essential service with minimal competition and profitable scalable model. Recession and pandemic proof! Being in business for close to 20 years, this company is one of the most preferred and reliable companies in the area. Servicing popular and growing areas, this turn-key business continues to grow. Even more, there is HUGE growth potential to be discussed with the buyer!
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- Asking Price: $250,000
- Cash Flow: $120,459
- Gross Revenue: $392,966
- EBITDA: N/A
- FF&E: $70,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This Business Is Home Based
The business was established in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent decrease in earnings, or an array of other factors. This is why it is really crucial that you not count completely on a vendor's word, yet instead, utilize the seller's response in conjunction with your general due diligence. This will repaint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points like supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can imply that revenue margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new consumers? Many times, companies have repeat clients, which develop the core of their everyday earnings. Certain variables such as new competition growing up around the location, roadway construction, and also personnel turn over can impact repeat clients and negatively affect future earnings. One essential thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more people that see the business often, the better the opportunity to build a returning client base. A last idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the neighborhood typical family earnings influence future revenue prospects?