Business Overview

Reason for Sale: Starting a new venture in Clean Energy- Solar Panels and Generac Battery Systems. Long Established Stand by Generator Business with Service Contracts. Established since 2011 servicing residential clients in Dade, Broward, and Palm Beach county. Seller is a local Elite dealer of Generac generators. Seller installs and provides service contracts to their clients. Over 114 service agreements renewed every year. Average service agreement cost is $800 with a yearly revenue of $83,200. Home based/Relocatable. Owner Benefit $85k+ for 2021.

Financial

  • Asking Price: $125,000
  • Cash Flow: $86,169
  • Gross Revenue: $285,593
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2011

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:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based

Is Support & Training Included:

Will train for 4 weeks @ $0 cost.

Purpose For Selling:

Focusing on Solar Batteries Industry.

Home Based:

This Business Is Home Based

Additional Info

The venture was started in 2011, making the business 11 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the true factor vs the one they say to you might be 2 absolutely different things. As an example, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is really crucial that you not rely absolutely on a seller's word, yet rather, use the vendor's answer in conjunction with your general due diligence. This will repaint an extra sensible image of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too small. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be satisfied or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract new clients? Often times, businesses have repeat consumers, which form the core of their daily earnings. Specific factors such as brand-new competitors growing up around the location, road building, and personnel turnover can impact repeat customers and negatively impact future profits. One essential point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? How might the regional typical family income effect future earnings potential?