Business Overview

The owner established the business in 2006 and has over 100 clients today, many of whom order every year. The owner represents several national, large and well-known product lines as a well-respected dealer in the area. The line is positioned as mid-market priced, which is durable and backed with a warranty, perfect for most of this area’s end users. The owner will provide extensive training for the new owner and stated, “This is an easy business to learn just as I did 15 years ago.” The business is on track to exceed SDE profits of $250,000 in 2021. For more information, call Brian Jones at 314.960.6063 or info@premierbb.com.

Financial

  • Asking Price: $700,000
  • Cash Flow: $279,349
  • Gross Revenue: $2,048,154
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2006

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:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

In-Home (Home Based)

Is Support & Training Included:

Yes

Purpose For Selling:

Moving

Opportunities and Growth:

Hire Salesperson

Home Based:

This Business Is Home Based

Additional Info

The business was started in 2006, making the business 16 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why people resolve to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in incomes, or an array of other factors. This is why it is extremely vital that you not rely absolutely on a seller's word, however rather, make use of the vendor's answer along with your overall due diligence. This will repaint an extra reasonable image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that earnings margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the location draw in new consumers? Many times, businesses have repeat clients, which form the core of their day-to-day revenues. Particular elements such as new competitors sprouting up around the area, road building and construction, and staff turnover can impact repeat consumers and also negatively influence future profits. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the chance to develop a returning client base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood mean house income effect future revenue potential?