Listing ID: 80752
Business Overview
Flooring business with massive upside. Seller does no advertising and has tons of people who bring him jobs every month and he just picks whichever ones he wants. If the buyer were to come in and take on more jobs by either working full-time or hiring employees they can make a lot more money. Easy business to operate. Business is currently operating out of a show room but could easily be a home based business if desired.
Great Seller financing terms available with $35,000 down and payments of $433/month with a balloon payment of $65,000 in 3 years! Possibility for no money down for a buyer with good credit!
All inventory, displays, samples, tools, and trailer are included in the transaction.
Lots of potential here! For more info call or text Mitchell @ (360) 949-2161
Financial
- Asking Price: $100,000
- Cash Flow: $44,000
- Gross Revenue: $146,000
- EBITDA: $36,000
- FF&E: N/A
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2006
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:1
- Furniture, Fixtures and Equipment:N/A
Show room with displays and samples. Seller will also include trailer and tools (Home Based)
Seller is happy to provide training to the buyer post closing to ensure their success
Retirement
Well established name in a great market (Boise area). Business gets lots of inquiries for work all it needs someone who is ready to take it to the next level.
Endless opportunities for growth! Current owner doesn’t do any advertising and turns down lots of work. Lots of upside for the buyer if they were to start advertising and taking on more work
This Business Is Home Based
Additional Info
The venture was established in 2006, making the business 16 years old.
The transaction shall include inventory valued at $5,000, which is included in the suggested price.
The company has 1 employees and is situated in a building with disclosed square footage of N/A sq ft.
The property is leased by the business for $800 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell businesses. Nevertheless, the true factor and the one they tell you might be 2 absolutely different things. As an example, they may state "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a variety of other factors. This is why it is very essential that you not depend completely on a vendor's word, yet instead, use the vendor's response together with your total due diligence. This will paint a more reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money so as to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that revenue margins are too tight. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new consumers? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Certain aspects such as brand-new competitors growing up around the area, road construction, as well as staff turn over can affect repeat customers as well as adversely influence future revenues. One essential point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business regularly, the better the chance to construct a returning customer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional median home income impact future income potential?
