Listing ID: 80577
Co-vid survivor who not only weathered the market, it is on track to meet and exceed numbers pre Co-vid. This business is active in both the residential and commercial markets. Sale includes equipment, buildout, accounts and goodwill. Owner willing to train and may stay on as a sales person, if new owner desires.
This is your opportunity to live on Oahu, own your own business and grow the business. Owner has been at it for more than 20+ years and is ready to retire. You can walk in to a turn key operation that will produce day after day.
Books are very clean and well kept.
- Asking Price: $299,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 1989
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,000
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
1000 sq ft office warehouse complex (partially rented to 2nd party) with lease resigned in past two years. Buyer will have to qualify with Landlord.
Training as needed. Owner will participate to achieve a smooth transition.
Several other window cleaning companies come and go in the marketplace. Some offer their services as "add on" to other services they provide. None have the good will and years of service this business offers.
Hawaii is a hugh market for cleaning Solar Panels, for example. Buyer should also consider the square footage of glass to be cleaned on the island. Oahu's buildings are designed to show the "outdoors" and almost always include a lot of glass. It is a harbinger of growth for the commercial market segment. As the company grows it is likely need a larger warehouse space.
The venture was founded in 1989, making the business 33 years old.
The business has 5 employees and is situated in a building with estimated square footage of 1,000 sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell operating businesses. Nevertheless, the true reason and the one they say to you might be 2 totally different things. For instance, they may state "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, current reduction in earnings, or an array of various other factors. This is why it is very essential that you not rely entirely on a vendor's word, but rather, utilize the seller's response in conjunction with your general due diligence. This will repaint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money so as to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that revenue margins are too small. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in new customers? Most times, operating businesses have repeat clients, which create the core of their everyday earnings. Specific elements such as new competition sprouting up around the area, road building, and also personnel turnover can affect repeat consumers as well as negatively affect future profits. One vital thing to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to construct a returning client base. A final thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? How might the neighborhood mean home income effect future income potential?