Business Overview

Reason for Sale: Career Change- Extremely Profitable South Florida Fence Contractor. Established since 2007 serving Broward & Palm Beach county. 75% residential / 25% commercial work. Experienced installers on staff. Impeccable reputation in South Florida. Over 148 signed contracts on back log for the new the owner as of the end of 2021. 5 Trucks included in the sale. 2020 sales just under $2 million with an owner benefit 550k+. 2021 Sales 20% higher than 2020. 2021 Sales $2 million + with an Owner Benefit of $575k +. Visa Qualified.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: $586,320
  • Gross Revenue: $2,065,374
  • EBITDA: N/A
  • FF&E: $108,000
  • Inventory: $56,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:9
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Will train for 4 weeks @ $0 cost.

Purpose For Selling:

Career Change.

Additional Info

The company was started in 2007, making the business 15 years old.
The deal does include inventory valued at $56,000, which is included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the real reason and the one they say to you might be 2 completely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other factors. This is why it is extremely important that you not rely absolutely on a seller's word, however instead, use the vendor's response along with your general due diligence. This will paint a much more practical image of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Numerous businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that profit margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be satisfied or might result in penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the area attract brand-new clients? Often times, operating businesses have repeat clients, which create the core of their daily profits. Particular aspects such as brand-new competitors sprouting up around the area, road construction, and personnel turnover can impact repeat clients and also adversely affect future profits. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood median house income influence future income potential?