Listing ID: 79468
Commercial and residential service company focused on design and installation of epoxy, urethane and rubberized floor coatings. Customizable applications from aircraft hangers, commercial kitchens, garages, boat docks, driveways, pool decks, industrial space and more. Endless applications, if it can be walked on or drove on, it can be coated. This company comes with a trademarked brand, extensive equipment / vehicle list, trained and dedicated staff and low customer concentration. One of the fastest growing floor companies in its market. After a decade of building the company from the ground up, the owners are ready to retire. All the pieces are in place for a new owner to continue its fast paced growth, or an add-on acquisition for existing company to enter one of the fastest growing markets in Florida.
- Asking Price: $650,000
- Cash Flow: $219,886
- Gross Revenue: $121,655
- EBITDA: N/A
- FF&E: $260,705
- Inventory: $130,000
- Inventory Included: Yes
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2012, making the business 10 years old.
The transaction will include inventory valued at $130,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 entirely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be excuses to try to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of various other reasons. This is why it is extremely important that you not rely entirely on a vendor's word, yet rather, use the vendor's solution together with your overall due diligence. This will repaint an extra realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that profit margins are too tight. Many organisations come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. 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 met or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new customers? Often times, businesses have repeat clients, which develop the core of their everyday profits. Specific variables such as brand-new competitors sprouting up around the area, roadway building, and also employee turnover can impact repeat customers and adversely affect future incomes. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business regularly, the higher the possibility to build a returning customer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local typical home earnings impact future earnings prospects?