Business Overview

Don’t miss a great opportunity to own your own residential and commercial contracting business. With over twenty years in business, a long list of repeat customers, A+ ratings on Angie’s List and the BBB what more can you ask for?
Owner is selling and has slowed down due to impending retirement, but the phone is still constantly ringing! If you are interested in owning a full-service interior and exterior contracting service call Pam Ludwinski at 314-368-8811 or info@premierbb.com.

Financial

  • Asking Price: $80,000
  • Cash Flow: $44,041
  • Gross Revenue: $126,355
  • EBITDA: N/A
  • FF&E: $30,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

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:

Building - Home Based (Home Based)

Is Support & Training Included:

Yes

Purpose For Selling:

Retirement

Home Based:

This Business Is Home Based

Additional Info

The company was started in 2000, making the business 22 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals choose to sell businesses. However, the real factor and the one they tell you may be 2 absolutely different things. As an example, they might say "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, but instead, utilize the vendor's response together with your overall due diligence. This will paint an extra practical image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money in order to cover points like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too tight. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be satisfied or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new customers? Often times, companies have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as brand-new competitors growing up around the area, roadway building, and also staff turnover can influence repeat customers and also adversely influence future earnings. One important point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A final idea is the basic area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average home earnings impact future income prospects?