Listing ID: 79299
UNDER CONTRACT – Specializes in replacing windows, doors, and provides hurricane screen shutters, etc. Focuses primarily on window and door replacement in the residential marketplace. The business has incredible testimonials and a strong reputation.
Real estate is available. Current deducted $36,000 per year which could go towards payments for the land
Established in the early 1990s.
Owner works in the business but this is also has developed such a good reputation of the last three decades that a lot of people recognize it as one of the premier window and door companies in the Tampa Bay market.
One of their superpowers is that they buy directly from the factory and are therefore able to offer attractive prices by cutting out the middleman.
They have a large selection of energy-efficient vinyl windows. They deal with a variety of high-quality manufacturers.
They use all their own employees and do not subcontract out work. This gives them an additional edge of quality work and control over the process.
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- Asking Price: $1,610,000
- Cash Flow: $503,351
- Gross Revenue: $2,050,080
- EBITDA: $418,351
- FF&E: $250,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 1994
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,800
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
They serve Pinellas County, Pasco County, and Hillsborough County is in the state of Florida. The building and land are for sale along with the business. Seller will consider keeping the land and selling the business.
The asking price includes two months training.
Ready to retire
Strong brand and reputation but could use a boost in marketing and new energy to grow revenues and profits.
Bring your skill and business development abilities to take this to a whole new level.
The company was established in 1994, making the business 28 years old.
The sale shall include inventory valued at $5,000, which is included in the asking price.
The business has 7 employees and is located in a building with approx. square footage of 4,800 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of other factors. This is why it is really essential that you not rely absolutely on a seller's word, however rather, utilize the seller's solution combined with your overall due diligence. This will paint a more reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that profit margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Most times, businesses have repeat customers, which form the core of their everyday revenues. Particular variables such as new competitors sprouting up around the area, roadway building and construction, as well as employee turn over can affect repeat consumers and also negatively affect future revenues. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the opportunity to develop a returning customer base. A final thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the local mean house earnings impact future earnings potential?