Business Overview

Take a look at this specialty home improvement business. QUICKLY GROWING! Minimal overhead while making impressive profit. This business is not only on an upward trend but there is a lot more room to expand for a more energetic new owner!
Only a few competitors in this segment and this company have a superior product line.
Only selling because of desire to retire. The owner has high regard for their business and would be happy to help a new owner learn current business practices and they could even help for long enough for a new owner to get all their own systems in place.
Now is a great time to own and catch the 2022 busy season.
CALL Today! Jeff Bach at 314-941-8530 or email directly to jbach@fusionadvantage.com about listing ID#1077JB.

Financial

  • Asking Price: $375,000
  • Cash Flow: $162,396
  • Gross Revenue: $651,265
  • EBITDA: N/A
  • FF&E: $7,500
  • Inventory: $1,000
  • Inventory Included: N/A
  • Established: 1993

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:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Home Based with a self- storage unit that can be moved anywhere in St. Louis

Is Support & Training Included:

Seller will train buyer in both business practices and installation. They are also willing to work with new owner through the year if wanted.

Purpose For Selling:

Retirement

Additional Info

The company was founded in 1993, making the business 29 years old.
The sale won't include inventory valued at $1,000*, which ins't included in the suggested price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell businesses. Nevertheless, the genuine factor vs the one they tell you might be 2 completely different things. For instance, they may say "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to try to hide the reality of transforming demographics, increased competition, recent reduction in earnings, or a variety of various other reasons. This is why it is very crucial that you not depend entirely on a vendor's word, yet instead, make use of the seller's answer together with your general due diligence. This will paint a more sensible picture 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 certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover points like inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that profit margins are too thin. Lots of organisations come 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 take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might lead to charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location bring in brand-new customers? Most times, businesses have repeat consumers, which form the core of their everyday earnings. Specific elements such as new competition growing up around the area, roadway building, and also staff turnover can impact repeat clients and adversely influence future earnings. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the chance to construct a returning client base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the neighborhood median household earnings influence future revenue potential?