Listing ID: 80976
Business Overview
This is an opportunity to own a franchise specialty construction company providing customers with the highest quality garage epoxy flooring, cabinets and storage. In addition, the epoxy flooring is ideal for industrial and commercial properties. The franchise has been rated #1 in their category, fastest growing and top low-cost company by Entrepreneur Magazine. It is also rated a top 25 franchise by Franchise.com. The growth of this location has been exceptional with over 50% growth in revenue since 2018. This is a turn-key opportunity with training and industry leading marketing tools provided. There is currently one full-time and two part-time employees.
Financial
- Asking Price: $499,000
- Cash Flow: $162,000
- Gross Revenue: $788,818
- EBITDA: N/A
- FF&E: $201,771
- Inventory: $3,000
- Inventory Included: N/A
- Established: N/A
This can be a home-based business but the current owner does rent storage space for the equipment. The current territory includes all of Treasure Valley, McCall, Garden Valley and Sun Valley. A new owner could reside in any location the franchise serves.
The current owner has been pursuing another career opportunity and would like to
With the explosion of home improvement projects due to high cost of real estate, this company is ideally situated to continue its growth trajectory. In addition, with the marketing support of the franchise company, a new owner can capitalize on this growing trend. In addition, royalties are at a fixed low rate allowing the owner greater cash flow to invest in business.
This would be a great opportunity for someone wanting to own their own company with great growth potential and have the support of a leading franchisor. It would also be suited for a company that provides other home improvement services as an additional revenue stream. Buyer pays $10,000 franchise transfer fee in addition to purchase price. THE POSSIBILITIES With all of the new construction and home improvement projects in the area there are endless possibilities to grow this company. In addition, a new owner could add staff to grow all aspects of the business including the industrial and commercial flooring revenues.
Additional Info
The sale doesn't include inventory valued at $3,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell companies. Nevertheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they may state "I have a lot of other commitments" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in profits, or a variety of other factors. This is why it is really essential that you not rely entirely on a seller's word, however rather, make use of the seller's solution together with your total due diligence. This will repaint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans in order to cover things such as stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that revenue margins are too thin. Many businesses fall 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 think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in new consumers? Most times, businesses have repeat clients, which create the core of their everyday earnings. Certain variables such as new competitors growing up around the area, roadway construction, and also employee turnover can affect repeat consumers as well as negatively affect future revenues. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business often, the higher the possibility to develop a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean home income impact future revenue potential?
