Listing ID: 81544
This profitable Business is Chicago’s leading Full Service Commercial and Residential Gutter Company. Family owned and operated serving Chicago and Northern Suburbs since 1974
Services Include Gutter
“ Rain, Sleet or Snow, The Gutters Must Flow “
Steady Year Over Year Sales Growth
• 2021 Sales – $1.1 million
• 29% Increase over 2020
Attention Roofing, Siding and Window Installation Companies.
• Add One Million $$$ to your existing business
• Market your existing services to this company’s large data base of satisfied customers
• 2 Large 26 foot Step Vans . Trucks are equipped with Gutter Machines to create seamless gutters on site.
Trucks are wrapped with company colors, name, services offered and phone numbers. These can’t miss billboards are great lead generators
• Company has 8 experienced installers and 2 office employees
BBB Accredited Since 1993.
Angie’s List – 2020 Super Service Award
Top ranked in Google Search
Business is conveniently located in Chicago in close proximity to its customer base. Location includes 2 business offices and warehouse with large overhead door. Trucks can be parked inside warehouse.
Location can be leased, purchased, or relocated to your existing location
Owners selling but will provide, training and transition services as needed.
This profitable business wont last long. Contact listing broker for more details.
- Asking Price: $850,000
- Cash Flow: $350,000
- Gross Revenue: $1,108,727
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $15,000
- Inventory Included: Yes
- Established: 1974
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,600
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
2600 sq/ft Office/Warehouse with 12 ft overhead door. Business owner also owns building. Will provide long term lease with option to buy
Owners will provide minimum 2 weeks training. Additional training as needed
This business is by far the go to service provider in this category. First company to appear in Google searches
Great addition to Roofing, Siding and Window companies, This businesses main focus is gutters and turns down or refers out other types of work all the time
The business was founded in 1974, making the business 48 years old.
The deal does include inventory valued at $15,000, which is included in the requested price.
The company has 10 employees and is situated in a building with disclosed square footage of 2,600 sq ft.
The property is leased by the company for $4,500 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nonetheless, the genuine factor vs the one they say to you might be 2 completely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is really essential that you not depend absolutely on a seller's word, yet rather, utilize the vendor's solution together with your overall due diligence. This will paint an extra sensible picture of the business's present situation.
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. Lots of businesses finance loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that earnings margins are too thin. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Certain elements such as brand-new competition sprouting up around the area, road building and construction, and staff turn over can impact repeat clients as well as adversely impact future earnings. One crucial point to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely inhabited city, or is it situated on the outside border of town? Just how might the regional mean household income effect future earnings prospects?