Listing ID: 81296
Established for 20 years, this company offers new gutter installation and repair. Over the years, the company has developed an excellent reputation and strong relationships with builders, contractors, supplier and homeowners. Management is in place and the owner is willing to stay on to train for a period of time. The company has key relationships and has several upcoming contracts are in place with the top builders in Nevada continuing over the next 4-5 years. A Buyer will need a C-13 License.
- Asking Price: $499,000
- Cash Flow: $141,097
- Gross Revenue: $712,984
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,824
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Seller will provide training
Other business interests
Several opportunities for new business with all the new home communities.
The venture was started in 2001, making the business 21 years old.
The business has 4 employees and is situated in a building with estimated square footage of 1,824 sq ft.
The real estate is leased by the company for $1,432 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people choose to sell operating businesses. Nonetheless, the real reason vs the one they say to you might be 2 entirely different things. As an example, they may say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or a variety of various other factors. This is why it is really important that you not count entirely on a vendor's word, but instead, utilize the vendor's solution along with your total due diligence. This will repaint a much more practical image of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can mean that revenue margins are too thin. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that need to be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new clients? Many times, operating businesses have repeat customers, which develop the core of their daily profits. Particular variables such as brand-new competitors growing up around the location, road building, and staff turn over can impact repeat clients as well as negatively impact future incomes. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the better the opportunity to construct a returning consumer base. A final idea is the basic area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the regional median household earnings impact future earnings potential?