Business Overview

This company sells, installs, and services retractable awnings and exterior drop screens in Pinellas, Pasco, Hillsborough, Manatee, and Sarasota Counties. They are authorized dealers for Sunsetter Awnings, Eclipse, Mitjavila, Fenetex Hurricane Screens, and SummerSpace. The business has subcontractors that have been trained to do repairs, sales, and installations. The seller does some sales, marketing, and accounting. They also receive leads from vendors, online searches, referrals, and repeat customers. Sales can be increased by adding an outside salesperson as well as expanding the area he does work in.
Please refer to listing #3353-948099, Agent Joe Nicolini when inquiring about this listing. Thank you!

Financial

  • Asking Price: $229,000
  • Cash Flow: $115,687
  • Gross Revenue: $388,123
  • EBITDA: N/A
  • FF&E: $20,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:Own
  • 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 (Home Based)

Is Support & Training Included:

Will train for 2 weeks @ no cost.

Purpose For Selling:

Retiring

Pros and Cons:

There are other companies carrying some of the same companies but they are not authorized for all of them

Opportunities and Growth:

Adding a salesperson, increase SEO of website, and expanding the current service area should increase business.

Home Based:

This Business Is Home Based

Additional Info

The venture was started in 2012, making the business 10 years old.
The deal shall include inventory valued at $1,000, which is included in the listing price.

The business has 0 employees and resides in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell companies. Nonetheless, the genuine reason vs the one they say to you may be 2 absolutely different things. For instance, they might state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a variety of various other reasons. This is why it is very vital that you not count totally on a vendor's word, but instead, make use of the vendor's answer along with your general due diligence. This will paint an extra reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover items like supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new clients? Most times, operating businesses have repeat clients, which develop the core of their everyday revenues. Certain variables such as brand-new competition sprouting up around the location, roadway building, as well as personnel turnover can influence repeat customers and also negatively influence future earnings. One vital point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the better the possibility to build a returning consumer base. A final thought is the general location demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood typical home income influence future earnings potential?