Listing ID: 81482
Boasting a current customer base of over 850, this well-established business always has work on the books. Its reputation for high-quality work leads to great profit. The current owner’s unique marketing system optimizes customer service and keeps previous customers in the loop by reaching out monthly. There is no shortage of opportunities to take this remodeling business to the next level.
- Asking Price: $149,999
- Cash Flow: $52,000
- Gross Revenue: $272,504
- EBITDA: N/A
- FF&E: $10,000
- Inventory: $500
- Inventory Included: N/A
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:700
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
The 1200 Sq. Ft. leased facilities include a professional office and an ample storage area for supplies and tools.
Owner will provide training and support for a smooth transition. PLEASE BE ADVISED: PRIOR TO THE RELEASE OF ANY CONFIDENTIAL INFORMATION, THE SELLER REQUIRES ALL BUYERS TO DISCLOSE THEIR FINANCIAL QUALIFICATIONS THROUGH COMPLETION OF A CONFIDENTIAL BUYER QUESTIONNAIRE ALONG WITH A NON-DISCLOSURE AGREEMENT. SELLER’S APPROVAL OF SAME IS REQUIRED BEFORE CONFIDENTIAL INFORMATION IS RELEASED. PLEASE CONTACT OUR OFFICE FOR THE FORMS AT 800-636-7046
While there is competition in the local market, this remodeling business is well-established. The current owner has a proprietary method of keeping customers loyal. This business is so respected that many customers don’t reach out to the competition for bids.
A little digital marketing will go a long way with this business. The new owner could grow the business by harnessing all that social media has to offer, updating the existing website, and utilizing SEO best practices.
The business was established in 1984, making the business 38 years old.
The transaction doesn't include inventory valued at $500*, which ins't included in the requested price.
The business has 1 & Contractors employees and is located in a building with approx. square footage of 700 sq ft.
The property is leased by the business for $200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 entirely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is very vital that you not depend absolutely on a vendor's word, yet instead, utilize the seller's solution together with your overall due diligence. This will repaint an extra realistic picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money in order to cover points like inventory, payroll, accounts payable, and so on. Remember that in some cases this can imply that revenue margins are too thin. Many companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new clients? Often times, operating businesses have repeat consumers, which develop the core of their daily profits. Particular elements such as new competitors growing up around the location, road building and construction, and employee turnover can impact repeat customers and negatively affect future earnings. One important thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the possibility to construct a returning consumer base. A final idea is the basic location demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Just how might the regional median family earnings impact future revenue prospects?