Business Overview

ABSENTEE OWNERSHIP!! Great investment opportunity to own a growing, strong business with full time staff. The absentee owner lives out of state and works with a general manager who runs the day-to-day operations. Operating for over 17+ years, this business caters to clients who are looking for blinds and drapery repair and cleaning, along with new installations and in-home services. It boasts a healthy bottom line which was not impacted by COVID19. This business cleans and services window treatments at customer locations and in the business office as well as sells blinds and drapes. They are the primary vendor for warranty work for a major national blind company.

The multi-billion-dollar retail window coverings industry experiences tremendous growth year after year. Analysts predict significant growth in 2021 with considerable increase in the consumption of blinds and shades through 2022. This is not a franchise, but could be developed into one. The owner is retiring. Contact Broker for details.

Financial

  • Asking Price: $995,000
  • Cash Flow: $398,590
  • Gross Revenue: $1,255,592
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: N/A
Purpose For Selling:

retirement

Additional Info

The transaction does include inventory valued at $20,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell companies. However, the true reason vs the one they tell you may be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these might simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or an array of other factors. This is why it is really essential that you not rely completely on a seller's word, however instead, utilize the seller's solution combined with your total due diligence. This will paint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that revenue margins are too tight. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be met or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area draw in new consumers? Many times, companies have repeat consumers, which create the core of their day-to-day revenues. Certain aspects such as new competition sprouting up around the area, road building, as well as staff turn over can affect repeat customers and negatively affect future profits. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional typical home earnings influence future earnings potential?