Listing ID: 81023
This Las Vegas based wrought iron security fence company has been in business for several years now and is reporting around $650k to $750k a year in overall gross sales. The company does a fair amount of security fence installs as well other facets of fencing throughout the Greater Las Vegas area. The owner suggest it retains a fair amount of net income from its overall annual sales. The owner also suggest it is quite willing to share its companies past and present financial performance information with a serious and capable buyer. The owner is very serious about making a fair sale with the right buying party in order to soon retire from the industry. It is being offered for $375k or a fair and reasonable offer price. Contact TPG LvNv for additional information.
- Asking Price: $375,000
- Cash Flow: N/A
- Gross Revenue: $750,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Retiring from the Industry
The company has 5 employees and is located in a building with approx. square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. However, the genuine reason and the one they tell you might be 2 totally different things. For instance, they might claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is extremely crucial that you not rely completely on a seller's word, however instead, use the vendor's response in conjunction with your overall due diligence. This will repaint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that revenue margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Most times, businesses have repeat clients, which form the core of their daily revenues. Specific aspects such as new competition growing up around the location, road building, as well as personnel turnover can impact repeat clients as well as negatively affect future revenues. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to construct a returning client base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Just how might the neighborhood typical home income influence future revenue prospects?