Listing ID: 80234
This is an excellent opportunity to own an established and profitable business in North Georgia. This ‘essential’ business specializes in full-service flooring and remodeling. This company has built and maintained a trusted reputation by providing quality workmanship, professional expertise, and excellent service earning the loyalty and respect of its customers.
• 2020 Gross Revenues over $2.6M
• Facility is easily accessible and includes a showroom, a design center, office, warehouse areas plus a built-in apartment.
• The owner will provide training and support during the transition period for the new owner to assimilate into their new role.
• Motivation for Sale: Retirement
Call today for more information! www.rambizgroup.com
Disclaimer: For confidentiality purposes, the location has been disguised.
- Asking Price: $950,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
The building is leased by the company for $3,700 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell companies. However, the genuine factor vs the one they tell you might be 2 completely different things. For instance, they may say "I have too many various obligations" or "I am retiring". For many sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not depend completely on a vendor's word, however instead, use the seller's answer in conjunction with your general due diligence. This will paint an extra practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might 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 satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new customers? Most times, operating businesses have repeat clients, which create the core of their everyday profits. Certain aspects such as new competition sprouting up around the location, road construction, and personnel turn over can affect repeat consumers as well as adversely impact future incomes. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the better the possibility to develop a returning customer base. A final idea is the general location demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the regional average house income effect future revenue potential?