Business Overview

40 year old Structural Steel business serving Brevard, Florida and surrounding counties. Present owner retiring after 20 profitable years but not leaving the area and will consult with new owner. Turnkey operation with all employees, vehicles and equipment in place. Business not effected by the virus and 2021 sales booked to exceed one million dollars plus. Heavy bookings for 2022. Please refer to listing #401557239 and ask for Jerry Van Ausdall when inquiring.

Financial

  • Asking Price: $375,000
  • Cash Flow: $179,025
  • Gross Revenue: $886,570
  • EBITDA: N/A
  • FF&E: $129,000
  • Inventory: $6,000
  • Inventory Included: Yes
  • Established: 1980

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,000
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease: 56092 Sq Ft: 15313 Terms: 5th yr option Expiration Date: 12/1/2021

Is Support & Training Included:

Twelve weeks training at no cost

Purpose For Selling:

Retirement

Additional Info

The venture was founded in 1980, making the business 42 years old.
The sale will include inventory valued at $6,000, which is included in the requested price.

The company has 5FT employees and is situated in a building with disclosed square footage of 5,000 sq ft.
The real estate is leased by the company for $2,500 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell operating businesses. Nevertheless, the real reason vs the one they say to you may be 2 totally different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in profits, or a range of various other factors. This is why it is really vital that you not rely absolutely on a seller's word, yet rather, use the seller's answer in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover items such as inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that profit margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that must be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new clients? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular aspects such as new competitors growing up around the location, roadway building, and also employee turnover can affect repeat consumers and adversely influence future earnings. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the higher the opportunity to build a returning client base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional median family income effect future revenue potential?