Business Overview

A Fort Lauderdale-based residential remodeling contractor with extensive vendor relationships and a stellar reputation. This opportunity has a continuous pipeline of contracts and diverse capabilities allowing for multiple profit centers and growth potential. There is a well-tenured staff in place including office and supervisory management. An extensive asset package, office, and fully built out showroom are all located in a standalone building with a fenced yard, also for sale. The seller will train and qualify for a reasonable transition period. Please refer to listing number 0101404725 Tom Milana 561-702-6867 when inquiring about this listing.

Financial

  • Asking Price: $995,000
  • Cash Flow: $361,721
  • Gross Revenue: $3,028,794
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:6,749
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 9000 Square Footage: 6,749 Building Type: Free Standing Terms & Options: Seller Offering Lease TBD Expiration Date: 12/31/2027

Is Support & Training Included:

Weeks Training: 4 Cost: $0 Assumable Financing Amount $500,000.00 Assumable Financing Interest 3.75% Assumable Financing Term Months 360

Purpose For Selling:

Seller planning retirement, but willing to stay-on

Pros and Cons:

Non Compete : Miles: 75 Years: 5

Additional Info

The business was started in 2006, making the business 16 years old.
The transaction shall include inventory valued at $20,000, which is included in the asking price.

The company has 9 employees and resides in a building with disclosed square footage of 6,749 sq ft.
The building is leased by the company for $9,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell companies. Nonetheless, the true factor and the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is very crucial that you not rely absolutely on a seller's word, yet instead, utilize the seller's answer in conjunction with your overall due diligence. This will repaint a much more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that profit margins are too thin. Numerous organisations come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new consumers? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Particular elements such as brand-new competition sprouting up around the location, road building, and also staff turnover can impact repeat clients and negatively influence future incomes. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business on a regular basis, the better the chance to build a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average household earnings influence future revenue potential?