Listing ID: 79439
Reason for Sale:Retirement- Long Established Maid Service in Boca Raton. Established since 1987 providing home maid services & home services. 80+ accounts in Country Club communities in Boca Raton. Loyal repeat high end clients. Owner Benefit for a working owner is $71k+ (seller administrates & manages only). New clients added via referrals. Seller will transition for 30 days. Home Based/Simple to run/relocatable.
- Asking Price: $150,000
- Cash Flow: $71,088
- Gross Revenue: $192,575
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Home Based. (Home Based)
Will train for 4 weeks @ $0 cost.
This Business Is Home Based
The business was started in 1987, making the business 35 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. However, the genuine reason and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in profits, or a variety of other reasons. This is why it is extremely vital that you not depend completely on a vendor's word, yet instead, make use of the vendor's response combined with your overall due diligence. This will repaint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with 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 may have existing agreements with suppliers that must be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area draw in brand-new customers? Many times, operating businesses have repeat clients, which develop the core of their day-to-day profits. Particular elements such as new competition growing up around the location, roadway construction, and also employee turnover can impact repeat customers and also negatively influence future earnings. One important thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the regional mean household earnings effect future earnings prospects?