Listing ID: 76689
35 years of industry experience and an excellent track record of safe & accurate demolition services. Well-equipped for performing hard and soft demo. Services include swimming pool removal, commercial building demolition, concrete cutting/demo/coring, interior demolition, house demo, and more.
Location: Riverside County
Inventory: Included in asking price
Building SF: 15,000 sqft lot fenced
Lease Expiration: Month-to-month
Furniture, Fixtures, & Equipment (FF&E): approximately 300K included in asking price
Support & Training: 30 days of training included with price. Additional training negotiable.
Reason for Selling: Moving out of state.
- Asking Price: $999,998
- Cash Flow: $400,000
- Gross Revenue: $820,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of other reasons. This is why it is really essential that you not rely totally on a seller's word, however instead, make use of the seller's response combined with your total due diligence. This will paint a more sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies borrow money so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that profit margins are too tight. Lots of organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or might result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new consumers? Many times, operating businesses have repeat consumers, which create the core of their day-to-day earnings. Certain aspects such as new competition sprouting up around the location, roadway building and construction, as well as personnel turn over can affect repeat customers as well as adversely influence future earnings. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the possibility to construct a returning customer base. A last idea is the general area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? Just how might the neighborhood median house earnings effect future revenue potential?