Listing ID: 80921
Founded in 2008, this company was built from scratch into a highly respected, successful building contractor in the Treasure Valley. The company provides the following wide variety of services Design/Remodel • Additions • Bathrooms • Kitchens • Flooring/Fixtures • Kitchen Remodels • Bathroom Remodels • Garage Additions • Outdoor Kitchens • Storage Sheds • Decks, Patios, Awnings • Home Renovations • Room Makeovers • Basement Remodels • Attic bedroom Conversions • Cabinet Design and Install. Whether a big job or small job, they can do it. If it is a job that requires a license that they do not have they will sub contract the work out, so the customer only has one point of contact and will manage an entire project. The team is built, is in place and is a turnkey opportunity for a Buyer. Business is currently on the books well into the second quarter of 2022.
- Asking Price: $450,000
- Cash Flow: $131,992
- Gross Revenue: $1,351,789
- EBITDA: N/A
- FF&E: $71,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Lease. The office space is 1100sqft and the shop space is 1100 sqft, as well. The lease is $1695 per month and is a month-month lease. The Seller also owns 700 sqft of storage containers that is also included in the sale.
Owner is willing to assist with transition for an ample period of time, which can be determined between he and the Buyer.
Seller is retiring and out of the area.
There are very few general contractors that will take on any type of project and that has the experience to do all type of jobs. This company has really built a niche in this market. They have a process that works well, they are profitable and get jobs done on time. In the environment we are in now they stand out from the rest.
Growth opportunity is to always be on the look out for talent. Work is plentiful, so more jobs could be completed.
The business was established in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. However, the true factor vs the one they tell you may be 2 completely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of other reasons. This is why it is really essential that you not count absolutely on a seller's word, however rather, use the seller's solution combined with your general due diligence. This will paint an extra reasonable picture of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover points such as stock, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that earnings margins are too tight. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area attract new consumers? Many times, businesses have repeat customers, which create the core of their day-to-day earnings. Certain elements such as new competitors sprouting up around the area, road building and construction, and also employee turn over can affect repeat consumers as well as adversely impact future revenues. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the better the opportunity to develop a returning consumer base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outside border of town? How might the regional average home income impact future revenue potential?