Listing ID: 79347
Paver company servicing Charlotte and Sarasota counties for over 20 years. Highly reviewed from many satisfied customers on-line. The company has 5 long-term, skilled employees and 5+ on call employees. Services include installation, pressure washing, sealing, coloring and repairs. Income producing property included in the lease. Approximately 1.5 acres of fenced-in work yard along with a 3-bedroom house / office – Showroom with adjoining warehouse and storage building. Specializing in driveway pavers for residential drives and patios the company is also known for commercial property work such as Multifamily facilities, Office Parks, Restaurants and Hotels. Quarter Million (250,000.00) in backlogged orders consistently so far through 2021. Possible Partial Seller Financing Available.
- Asking Price: $978,000
- Cash Flow: $250,348
- Gross Revenue: $1,254,473
- EBITDA: N/A
- FF&E: $250,000
- Inventory: $19,500
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:46,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was established in 2001, making the business 21 years old.
The transaction shall include inventory valued at $19,500, which is included in the asking price.
The company has 5 employees and resides in a building with disclosed square footage of 46,000 sq ft.
The real estate is leased by the business for $1,750 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. However, the real factor and the one they say to you might be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competition, recent reduction in earnings, or an array of other reasons. This is why it is extremely crucial that you not rely completely on a vendor's word, however rather, make use of the seller's response combined with your general due diligence. This will repaint a much more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that profit margins are too thin. Numerous organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that should be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area bring in brand-new clients? Often times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular elements such as brand-new competitors growing up around the area, roadway construction, and also personnel turnover can influence repeat consumers and also adversely affect future incomes. One crucial thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to develop a returning consumer base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? Just how might the neighborhood mean home income effect future revenue potential?