Listing ID: 79383
Time for the seller to retire and pass the business on to someone younger. This is a good cleaning company carrying out work for property management companies in the Central Florida Area. Good workers in place, who are reliable. 12 to 16 employees subject to time of the year. Business is making money, excellent turnover and profit. This business has been established for 20 years. NOTE THE FIGURES QUOTED ARE ONLY FOR 7 MONTHS THIS YEAR.
- Asking Price: $350,000
- Cash Flow: N/A
- Gross Revenue: $443,456
- EBITDA: $100,557
- FF&E: $2,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
Two weeks training at no cost to buyer
Plenty of opportunity to expand as the market continued to grow, current seller is tired and looking to retire.
The venture was founded in 2001, making the business 21 years old.
The sale does include inventory valued at $5,000, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in earnings, or an array of other reasons. This is why it is really crucial that you not count completely on a seller's word, yet rather, use the vendor's answer along with your overall due diligence. This will paint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of businesses finance loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that earnings margins are too small. Many companies fall 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 may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that need to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract brand-new clients? Most times, companies have repeat consumers, which create the core of their day-to-day earnings. Specific aspects such as new competition sprouting up around the location, road construction, and also personnel turn over can affect repeat customers as well as negatively affect future earnings. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the opportunity to develop a returning client base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? How might the regional typical household earnings impact future income potential?