Listing ID: 81004
This is a money making operation. Last year (2020) grossed $150,000. 2021 is grossing $30,000 per month and growing. Clients are well known large corporations who need periodic pressure washing of their facilities and buildings. Workng now with two trucks, water tanks, and 2 surface machines – two people daily and added another partime this week.
Check this business out and pull down some bucks ,,,,, recurring clients and low licensing requirements. Asking one years gross and value of equipment.
- Asking Price: $400,000
- Cash Flow: $180,000
- Gross Revenue: $350,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $2,000
- Inventory Included: N/A
- Established: 2019
- 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
2 trailers w pressure wash machine Owner plus 1 full time employee and 1 part time 1 water tank 2 surface machine
Free for two weeks after closing
owner moving out of state
Clients are big, well-known companies in Las Vegas. No serious competition.
The venture was founded in 2019, making the business 3 years old.
The transaction doesn't include inventory valued at $2,000*, which ins't included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 entirely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a range of various other reasons. This is why it is extremely vital that you not rely completely on a seller's word, yet rather, make use of the seller's response along with your general due diligence. This will paint an extra reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money with the purpose of covering items such as stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that profit margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be met or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Many times, operating businesses have repeat clients, which develop the core of their daily profits. Certain aspects such as new competitors growing up around the location, roadway construction, as well as personnel turnover can impact repeat clients and also negatively influence future incomes. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business often, the greater the chance to construct a returning client base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? How might the neighborhood average house income impact future earnings prospects?