Business Overview

This Omaha area restoration company has been in operation in Omaha for over 20 years. They help homeowners who have had a tragic event happen in their lives that makes it necessary for them to need personal items restored quickly and efficiently at a fair price. The company has had many years of profitable operations and the future is bright.

Financial

  • Asking Price: N/A
  • Cash Flow: N/A
  • Gross Revenue: $460,000
  • EBITDA: $40,000
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2021

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:6,000
  • Lot Size:N/A
  • Total Number of Employees:5
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

All training and transition provided by the Seller to the new Owner over a 60 day period

Purpose For Selling:

Owners starting a new business

Additional Info

The venture was started in 2021, making the business 1 years old.

The company has 5 employees and resides in a building with approx. square footage of 6,000 sq ft.
The property is leased by the company for $2,625 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell businesses. Nevertheless, the real reason and the one they tell you might be 2 entirely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is very essential that you not rely entirely on a seller's word, however rather, utilize the vendor's answer combined with your overall due diligence. This will paint a more reasonable picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too small. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that should be satisfied or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in brand-new consumers? Many times, operating businesses have repeat clients, which form the core of their everyday profits. Certain elements such as brand-new competition growing up around the area, roadway building and construction, and personnel turnover can impact repeat clients as well as negatively impact future profits. One crucial point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the greater the opportunity to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? How might the regional mean house income impact future revenue prospects?