Listing ID: 81364
ABSENTEE TURNKEY commercial sign fabrication & installation company with top online ratings, organic SEO, established presence, and reputation for excellent work! Business price $750,000 & real estate price $699,000 (must be sold together). Long-time employee holds a required contractor license for business and is willing to stay, per Seller. Strong team in place with FT W2 employees plus management structure! Active Buyer can replace General Manager for even more income! Top name active client list includes major brands, real estate developers, and too many others to name! Cutting edge equipment and 8 vehicles included in sale. Sale includes business real estate with 3-phase power, finished office space, and more! Expansion potential: Seller does NO marketing! Gross Sales and Total Income are actual for 2021 from clean P&L with no add backs. EMAIL NOW before it is gone! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email firstname.lastname@example.org
- Asking Price: $1,449,000
- Cash Flow: $263,002
- Gross Revenue: $1,821,150
- EBITDA: N/A
- FF&E: $500,000
- Inventory: $50,000
- Inventory Included: Yes
- Established: 2001
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,500
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
This is a leased location of4500 square feet with a total monthly rent of 3406.33. Property is owned by the seller and is being sold with the business. Value on the property is estimated at $699,000 and is included in the asking price. Seller is not active in the business. There are 16 FT and 2 contract employees. Hours of operation for the front office are 8am - 4pm Monday- Friday (manufacturing hours differ). $50,000 in inventory and $500,000 in FF&E included in the asking price along with $100,000 in leasehold improvements.
Other business interests.
The company was established in 2001, making the business 21 years old.
The deal does include inventory valued at $50,000, which is included in the requested price.
The business has 16FT, 2 Contract employees and is located in a building with disclosed square footage of 4,500 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they may claim "I have a lot of other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is really vital that you not depend totally on a vendor's word, however rather, utilize the seller's solution along with your general due diligence. This will paint an extra realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover points like supplies, payroll, accounts payable, and so on. Remember that in some cases this can suggest that earnings margins are too small. Numerous organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be satisfied or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in brand-new clients? Often times, operating businesses have repeat clients, which form the core of their everyday profits. Particular variables such as brand-new competition sprouting up around the area, roadway construction, as well as personnel turnover can affect repeat consumers as well as adversely impact future revenues. One essential thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business often, the better the opportunity to build a returning client base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood average family earnings influence future revenue prospects?