Business Overview

A well-established, profitable, distinguished concrete repair/restoration business is for sale. The heart of the business is in one of the fastest growing counties in the State. This business has a unique competitive advantage as “concrete lifter” as others focus on concrete foundations. It also has the ability to seal pools and basement leaks – other profitable revenue streams. The business has over 80% gross margin and brings more than 34% to the bottom-line as cashflow. This is all done while NOT working full time! More than one-third of the asking price is assets that drive the business. The business mix is residential and commercial (with the lion’s share being residential). The key to the business is the outstanding name in the area and the custom-designed equipment specifically for this work. It has an awesome website and social media presence that drive business. The owner is ready to retire after having done this since the early 2000’s.

Financial

  • Asking Price: $300,000
  • Cash Flow: $73,000
  • Gross Revenue: $214,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

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:3
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The company has 3 employees and resides in a building with approx. square footage of N/A sq ft.
The real estate is leased by the company for $285 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell operating businesses. Nonetheless, the true factor vs the one they say to you may be 2 completely different things. As an example, they may state "I have a lot of other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in profits, or a range of other reasons. This is why it is very vital that you not count absolutely on a seller's word, however instead, utilize the seller's answer combined with your general due diligence. This will repaint an extra reasonable image of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover items such as stock, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments 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 vendors that must be satisfied or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new customers? Most times, companies have repeat clients, which develop the core of their daily profits. Specific variables such as new competition sprouting up around the location, roadway construction, as well as employee turnover can affect repeat clients and adversely impact future earnings. One essential point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the higher the chance to build a returning client base. A last idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional average house income effect future income potential?