Business Overview

Established family run home improvement business located in one of the top 5 fastest growing markets in the US. Excellent reputation (verifiable on social media) with many home builder and other referral partners.

Small and efficient crews producing high efficiencies and gross profits. Owner has made a great living and is ready to retire.

Financial

  • Asking Price: $840,000
  • Cash Flow: $280,000
  • Gross Revenue: $650,000
  • EBITDA: $280,000
  • FF&E: N/A
  • 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:5
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Leased office space

Is Support & Training Included:

Owner will provide 30 days on-the-job training included in the sale price. Training to include order process, store process & procedures.

Purpose For Selling:

Retirement

Additional Info

The venture was established in 2000, making the business 22 years old.

The business has 5 employees and is situated in a building with estimated square footage of N/A sq ft.
The property is leased by the company for $0.00

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. However, the genuine reason and the one they say to you may be 2 totally different things. As an example, they might state "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, current reduction in incomes, or an array of other factors. This is why it is extremely important that you not count entirely on a vendor's word, but rather, make use of the vendor's response in conjunction with your overall due diligence. This will repaint an extra realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of companies borrow money in order to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too tight. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new consumers? Most times, businesses have repeat customers, which create the core of their day-to-day earnings. Specific elements such as brand-new competition sprouting up around the location, road building and construction, and also employee turnover can impact repeat clients and adversely impact future profits. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the local typical household earnings effect future income potential?