Business Overview

Located within the Caribbean (non-USA) just East of The Bahamas, this full-service elevator company designs and maintains specific control programs for commercial, residential, and industrial properties in addition to installations and modernizations of all types of elevators and escalators. This is a home-based operation to which the seller is seeking retirement but is willing to stay-on as a consultant all within a British Overseas Territory. Prospective purchasers should have industry experience and financial capability at the sales price level. Please refer to listing number 0101751457, business broker Tom Milana 561-702-6867 when inquiring about this listing.

Financial

  • Asking Price: $1,950,000
  • Cash Flow: $623,380
  • Gross Revenue: $1,733,366
  • EBITDA: N/A
  • FF&E: $205,000
  • Inventory: $200,000
  • Inventory Included: Yes
  • Established: 2011

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Type of Location Home-Based Facilities Home-Based plus Storage Rental Monthly Rent $650.00 Square Units (Foot, Meter) 0 (Home Based)

Is Support & Training Included:

Weeks Training: 4 Cost: $0

Purpose For Selling:

Retirement

Pros and Cons:

Non Compete : Miles: 500 Years: 5

Home Based:

This Business Is Home Based

Additional Info

The company was established in 2011, making the business 11 years old.
The transaction shall include inventory valued at $200,000, which is included in the suggested price.

The business has 1 employees and is located in a building with approx. square footage of 1 sq ft.
The real estate is leased by the company for $650 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell operating businesses. However, the genuine reason and the one they say to you may be 2 totally different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these may just be justifications to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a range of various other factors. This is why it is extremely crucial that you not count completely on a vendor's word, yet rather, use the seller's solution along with your overall due diligence. This will repaint an extra sensible image of the business's existing scenario.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too thin. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new consumers? Most times, companies have repeat clients, which develop the core of their daily revenues. Certain variables such as new competitors growing up around the area, roadway building and construction, and also personnel turn over can impact repeat customers and also negatively impact future profits. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the possibility to construct a returning client base. A final idea is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean family earnings influence future income potential?