Business Overview

A Contractor/Remodeling and Water Remediation company in one! This business offers primarily repair and remodeling services to homeowners, with a restoration division that specializes in water, fire, and mold mitigation. They offer a wide range of services including drywall, painting & touch-up, flooring, carpentry, electrical, and general repairs. With a strong reputation and people at home more now than ever, they handle various size projects. Tremendous online reviews. Seller financing may be available for the right buyer. Contact broker for details.

Financial

  • Asking Price: $550,000
  • Cash Flow: $201,209
  • Gross Revenue: $919,953
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Purpose For Selling:

pursue other options

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell businesses. Nonetheless, the real factor and the one they tell you might be 2 totally different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be reasons to try to conceal the reality of transforming demographics, increased competitors, recent decrease in profits, or a range of various other factors. This is why it is extremely vital that you not rely absolutely on a vendor's word, but instead, make use of the vendor's answer in conjunction with your overall due diligence. This will paint a more realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can imply that earnings margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that should be met or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new customers? Often times, businesses have repeat clients, which form the core of their daily earnings. Certain factors such as brand-new competition sprouting up around the area, road building and construction, and staff turnover can influence repeat customers as well as adversely affect future earnings. One essential thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the better the opportunity to construct a returning customer base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the neighborhood median home earnings influence future earnings prospects?