Business Overview

Excellent opportunity to own a well-established, profitable business with large growth potential! Business was founded in 2000 by the Seller who has owned and operated the business since the beginning. The company is an approved supplier to 40+ fortune 500 companies. Revenue is generated from equipment sales, equipment rentals, and certified training with focus in areas of thermal imaging, ultrasonics, vibration testing, both energized and de-energized motor testing and analysis, and infrared windows and ports. The company conducts business in many industries offering equipment for predictive and preventive maintenance programs (P/PM), process control, quality control, security and surveillance, research and development (R&D) and non-destructive testing (NDT). The company has a national presence with an average sales revenue of approximately ($850,000) eight hundred fifty thousand a year with an average annual net income of approximately ($302,000) three hundred two thousand dollars.

Financial

  • Asking Price: $1,500,000
  • Cash Flow: $302,000
  • Gross Revenue: $850,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $50,000
  • 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:2
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Not applicable. (Home Based)

Is Support & Training Included:

Seller is willing to support the buyer in transition of ownership and training.

Purpose For Selling:

Owner is looking to retire.

Pros and Cons:

Business operates in a growing market. Competition is mainly due to overseas manufacturers.

Opportunities and Growth:

There is quick growth opportunity with a renewed marketing plan, improved website, revitalized sales strategy, and customer education.

Home Based:

This Business Is Home Based

Additional Info

The business was founded in 2000, making the business 22 years old.
The transaction shall not include inventory valued at $50,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell operating businesses. Nonetheless, the real reason and the one they tell you may be 2 absolutely different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may simply be excuses to try to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a variety of other reasons. This is why it is very crucial that you not count totally on a vendor's word, yet rather, utilize the seller's solution combined with your overall due diligence. This will paint a more sensible picture of the business's current scenario.

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 offer. Lots of operating businesses finance loans in order to cover things such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that profit margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new customers? Often times, businesses have repeat consumers, which develop the core of their day-to-day earnings. Particular variables such as new competition sprouting up around the area, roadway building and construction, and also personnel turn over can impact repeat clients as well as negatively affect future incomes. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the higher the possibility to build a returning client base. A last idea is the basic location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the regional mean family earnings influence future income prospects?