Business Overview

This is a great chance to step into an established, franchised Carpet and Upholstery business! With excellent branding and extensive equipment, this opportunity will make a lasting impression on your customer base. Listing includes 5 separate territories. No monthly royalties.Turn-key opportunity with a 5-star rating on google. Excellent access to infrastructure. Contact Broker for details.

Financial

  • Asking Price: $200,000
  • Cash Flow: $75,089
  • Gross Revenue: $415,774
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

retirement

Additional Info

The building is leased by the company for $1,600 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. However, the true reason and the one they say to you might be 2 entirely different things. For instance, they may say "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these may just be reasons to try to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or a variety of various other reasons. This is why it is extremely essential that you not count totally on a seller's word, but rather, utilize the seller's answer along with your overall due diligence. This will paint an extra reasonable image of the business's existing situation.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that revenue margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that must be met or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new customers? Many times, operating businesses have repeat clients, which form the core of their everyday profits. Certain elements such as new competitors growing up around the area, roadway building and construction, and also staff turn over can affect repeat consumers as well as negatively affect future earnings. One important thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the possibility to develop a returning client base. A last idea is the basic location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local median house earnings impact future earnings prospects?