Listing ID: 79245
This is the sale of a well-organized and highly recognized leader in the water mitigation, mold remediation and restoration industry of South Florida. With an A+ BBB rating, a well-tenured staff, fully equipped operation, and powerful leadership team. Their key to success is being able to negotiate with the homeowner’s insurance companies while making sure that a proper job is done at a reasonable price. Two owner’s working about 20-hours per week each; one operational and the other supervisory would like to retire from the industry, travel and go fishing. Each are eager to find the right new operator that will keep their legacy afloat. A financially qualified purchaser should have and or be able to obtain a FL G.C. and Remediation license. Excellent books and records may qualify this opportunity for the SBA maximum loan amount, Seller is willing to finance up to $1MM max. and the opportunity may qualify for Visa immigration needs. The business is in a much sought-after area and consists of a very professional commercial office/warehouse of about 5, 400 sqft. This is also available for purchase at $1.6MM (listing 0101-769331). All prospects must be qualified through listing broker before being disclosed. Please refer to listing number 0101931506, business broker Tom Milana 5617026867 when inquiring about this listing.
- Asking Price: $8,498,000
- Cash Flow: $2,806,595
- Gross Revenue: $4,791,884
- EBITDA: N/A
- FF&E: $475,000
- Inventory: $100
- Inventory Included: Yes
- Established: 2014
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,396
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 6500 Square Footage:5396 Building Type: Industrial Terms & Options: Negotiable, 1st right of refusal to purchase Expiration Date: 12/30/22
Weeks Training: 4 Cost: $0
Retirement - Going Fishing!
Non Compete : Miles: 50 Years: 36
The business was started in 2014, making the business 8 years old.
The sale will include inventory valued at $100, which is included in the asking price.
The company has 8 employees and is located in a building with approx. square footage of 5,396 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. However, the real reason vs the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is very crucial that you not depend completely on a vendor's word, yet rather, utilize the seller's response in conjunction with your general due diligence. This will paint a much more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover things like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also 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 agreements with vendors that should be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new consumers? Most times, businesses have repeat clients, which develop the core of their everyday earnings. Specific factors such as new competition growing up around the location, roadway building, and employee turn over can influence repeat consumers and negatively influence future revenues. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the regional median home earnings impact future revenue prospects?