Listing ID: 79329
Glass and Mirror Contractor. Excellent opportunity to acquire a glass and mirror contracting business. Sales and service of all types of residential and commercial glass and mirrors. Sales and profits growing yearly. Strong staff in place. This profitable and long-established business serves costal SW Florida which continues to be one of the strongest growth markets in the country. E-2 visa possible. SBA lender pre-qualified with 10% down. Terms are Approximate.
- Asking Price: $1,427,000
- Cash Flow: $562,083
- Gross Revenue: $2,010,086
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $450,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2012, making the business 10 years old.
The deal shall include inventory valued at $450,000, which is included in the listing price.
The real estate is leased by the company for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. Nonetheless, the real factor and the one they tell you might be 2 totally different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in profits, or a variety of various other factors. This is why it is really crucial that you not rely absolutely on a seller's word, however instead, use the seller's answer combined with your general due diligence. This will paint a more realistic image 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 need to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering things such as inventory, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that must be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new clients? Most times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain factors such as new competition sprouting up around the location, roadway construction, as well as personnel turn over can influence repeat consumers and adversely affect future earnings. One vital thing to consider is the location 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 often, the higher the chance to develop a returning client base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood average family income effect future income prospects?