Business Overview

Business Highlights:

– High Traffic Location
– COVID Proof
– Long Time Regular Customers
– Opportunity for Growth
– Very Reasonable Lease
– Minimal Owner Involvement

This well-established business has enjoyed community support for over 10 years. The company provides certified drug and alcohol testing, hair follicle drug testing, manual and digital fingerprinting, nationwide criminal background checks, and DNA screening for individuals, schools, courts, businesses and industries. The company enjoys a high repeat customer base.

The operation is turn-key with a small office space footprint that includes all the requisite equipment in hygienic suites equipped with well-maintained tools and equipment. High margins, low employee count, and plenty of room to grow with the business only operating 3 days per week.

Financial

  • Asking Price: $79,000
  • Cash Flow: $40,423
  • Gross Revenue: $132,995
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $7,000
  • Inventory Included: Yes
  • Established: 2011

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:3
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retirement

Additional Info

The venture was founded in 2011, making the business 11 years old.
The deal shall include inventory valued at $7,000, which is included in the asking price.

The company has 3 employees and is located in a building with estimated square footage of N/A sq ft.
The property is leased by the business for $675 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 entirely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is really vital that you not count entirely on a seller's word, but instead, utilize the seller's solution along with your overall due diligence. This will repaint a more practical picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans so as to cover points such as supplies, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too small. Many companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new consumers? Many times, companies have repeat customers, which form the core of their day-to-day revenues. Specific elements such as new competition sprouting up around the location, roadway building, and employee turnover can influence repeat clients and also negatively affect future revenues. One essential point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Just how might the local median family income effect future revenue prospects?