Listing ID: 76843
Top Rated residential garage door sales & installation, repair, and service business for sale in the San Fernando Valley. The business has been serving the Los Angeles & Ventura Counties for 3 decades and has an exceptional reputation for quality and service. Specializing in high-end, custom residential garage doors, the business has built a substantial loyal customer base such that repeat business and referrals amount to 50% of revenue. The business has long-standing, deep relationships with its suppliers and is a preferred distributor for all its manufacturers. Included in the sale is a 2004 Toyota Tacoma with wrap signage. There are 2 highly knowledgeable & dedicated installation technicians on staff. This Business has great potential for expansion and is poised for growth! This is a perfect opportunity for a buyer looking to take this business to the next level! Inquire Now! Email inquiries to: firstname.lastname@example.org
- Asking Price: $699,000
- Cash Flow: $417,106
- Gross Revenue: $1,241,730
- EBITDA: N/A
- FF&E: N/A
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1969
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business is homebased and relocatable. The seller is active in business with 2 FT employee. Hours of operation are 8:30 am - 4:00 pm, Monday-Friday. Included in asking price: $15,000 in inventory. (Home Based)
This Business Is Home Based
The business was founded in 1969, making the business 53 years old.
The sale will include inventory valued at $15,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of altering demographics, increased competition, current decrease in earnings, or a range of various other reasons. This is why it is really important that you not rely totally on a seller's word, yet instead, use the seller's solution together with your overall due diligence. This will paint an extra reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering points such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that profit margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Many times, businesses have repeat clients, which create the core of their day-to-day profits. Particular variables such as new competitors growing up around the area, roadway building, as well as staff turn over can affect repeat clients and also negatively impact future earnings. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the better the opportunity to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood average house earnings effect future earnings prospects?