Business Overview

This company has been located in Omaha as a profitable business for over 20 years. The Owner is looking to semi-retire and continue to focus on his other business opportunities. This company has always shown strong profits. Customer base is very loyal and extremely happy with the service being provided. Manager is on staff to run the company while you learn.

Financial

  • Asking Price: N/A
  • Cash Flow: $210,000
  • Gross Revenue: $2,178,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1965

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:10,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Seller will provide all necessary training to Buyer during the initial transition period.

Purpose For Selling:

Seller has other business interests

Additional Info

The venture was founded in 1965, making the business 57 years old.

The property is leased by the company for $15,416 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell companies. Nevertheless, the real reason and the one they tell you might be 2 entirely different things. As an example, they may say "I have a lot of various obligations" or "I am retiring". For many sellers, these factors are valid. But also, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in profits, or an array of various other factors. This is why it is extremely important that you not rely totally on a vendor's word, however instead, make use of the vendor's answer combined with your general due diligence. This will repaint a more practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too tight. Lots of organisations come 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 may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that must be met or may cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in brand-new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Particular aspects such as brand-new competition sprouting up around the area, roadway building and construction, and personnel turnover can impact repeat consumers and also negatively influence future incomes. One important point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business regularly, the greater the chance to build a returning client base. A final idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical house income impact future income potential?