Business Overview

Training & Certification for Crane and Rigging Professionals: Price, $2,000,000

Premier industry provider trains and certifies skilled workers, specifically in cranes and rigging. The Company also performs crane inspections for OSHA compliance. Authorized to conduct training and certification testing for the National Center for Construction Education and Research (NCCER) and the National Commission for the Certification of Crane Operators (NCCCO), the Company currently supports skilled trade workers nationwide in the Construction, Energy, Manufacturing, Utilities, Maritime, Government and Military markets. Internally developed and copyrighted material is taught directly by Company trainers to the clients’ labor force and used to train the trainers for government entities. With NDT certified inspectors, the Company has developed a workforce able to provide clients with the highest level of expertise. Training takes place online, in classrooms, on simulators, on actual equipment and hybrid solutions.

Financial

  • Asking Price: N/A
  • Cash Flow: N/A
  • Gross Revenue: $1,686,803
  • EBITDA: $331,630
  • FF&E: $97,000
  • Inventory: $120,000
  • Inventory Included: N/A
  • Established: 2008

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:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

3000 SQ FT facility leased in metro Atlanta.

Is Support & Training Included:

3-4 weeks of transition support

Purpose For Selling:

Retirement

Additional Info

The venture was established in 2008, making the business 14 years old.
The transaction shall not include inventory valued at $120,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all types of reasons why people choose to sell businesses. Nonetheless, the real reason and the one they say to you may be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, current decrease in incomes, or an array of other factors. This is why it is very vital that you not count absolutely on a vendor's word, however instead, use the vendor's response along with your general due diligence. This will repaint an extra sensible picture of the business's current circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that profit margins are too small. Lots of organisations 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 take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be met or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location attract new clients? Most times, businesses have repeat clients, which form the core of their daily revenues. Certain aspects such as new competition growing up around the location, roadway building, and also employee turnover can impact repeat customers as well as adversely affect future profits. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the possibility to construct a returning customer base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the regional median family earnings influence future earnings prospects?