Listing ID: 79161
In business for over 20 years, this award winning company has provided quality service to 1000’s of homeowners, commercial and industrial property owners throughout Northeast Florida and Camden County Georgia. While the client base is primarily located in Duval, St Johns, Clay and Nassau counties., the 15-county dealership extends west to I-75 and south as far as The Villages. Over 40 employees and independent contractors manage, sell and service customers throughout the year.
- Asking Price: $6,000,000
- Cash Flow: $1,104,628
- Gross Revenue: $5,338,000
- EBITDA: $904,628
- FF&E: $70,000
- Inventory: $14,000
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:40
- Furniture, Fixtures and Equipment:N/A
Leased space is shared with another company.
Seller will train the buyer for a reasonable transition period.
Little competition in this particular space.
Strong growth potential from the immediate Northeast Florida market as the local population is growing at double digit rates. Additional growth potential in adjacent territories including Gainesville-Ocala-Villages which are licensed but not actively marketed.
The business was founded in 2002, making the business 20 years old.
The sale does include inventory valued at $14,000, which is included in the listing price.
The business has 40 employees and is situated in a building with disclosed square footage of 5,000 sq ft.
The real estate is leased by the business for $3,800 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nevertheless, the real reason vs the one they tell you might be 2 completely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of other reasons. This is why it is very crucial that you not rely completely on a vendor's word, however rather, use the vendor's solution along with your overall due diligence. This will paint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans in order to cover items such as inventory, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that profit margins are too small. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new consumers? Most times, companies have repeat customers, which form the core of their daily profits. Specific factors such as new competitors sprouting up around the location, road building and construction, and also employee turn over can impact repeat clients as well as adversely influence future revenues. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to build a returning consumer base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Just how might the regional typical home income impact future earnings prospects?