Listing ID: 81432
Business Overview
Established service business opportunity offering two services worked over a 10 month period. Great opportunity to make in excess of $100,000/year. Local based service businesses created by the seller that has grown with an established clientele offering repeat business every year. Ideal opportunity for company add-on, family or retired person/couple. Company base is worked out of sellers home.
Financial
- Asking Price: $275,000
- Cash Flow: $110,000
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2005
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Home based business with leased storage space (Home Based)
Sellers will train for as long as needed. There are two services and they will train for both.
Other interests
Minimal - one other company who is a franchise with limits this company does not have.
Growth opportunities with both services. There is no negatives because of the limited competition and their good service.
This Business Is Home Based
Additional Info
The business was established in 2005, making the business 17 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell operating businesses. However, the true factor vs the one they say to you might be 2 completely different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is really important that you not rely totally on a vendor's word, however rather, utilize the seller's solution combined with your overall due diligence. This will repaint an extra reasonable picture of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans in order to cover items like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too small. Lots of organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that must be met or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location bring in new clients? Most times, companies have repeat customers, which create the core of their day-to-day revenues. Certain factors such as brand-new competitors growing up around the area, roadway construction, and also staff turn over can impact repeat clients as well as adversely affect future revenues. One essential point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the opportunity to develop a returning consumer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local average house income influence future income prospects?
