Listing ID: 82199
This profitable Residential, Commercial, and Automobile glass replacement and repair business is well established and highly respected for quality work, outstanding customer service, and fair value pricing.
Due to their great reputation with customers and contractors, as well as an extensive list of customers and referrals, they are never short on work allowing them to be selective on the jobs they bid on.
This is a great opportunity for a new owner to take over a highly reputable company with opportunity to grow as much as the ownership desires. The current owner is selling due to retirement.
- Asking Price: $350,000
- Cash Flow: $140,000
- Gross Revenue: $853,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $35,000
- Inventory Included: N/A
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
3125 Sq Ft
Owner will assist in a smooth transition
The business was founded in 1987, making the business 35 years old.
The sale shall not include inventory valued at $35,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people resolve to sell companies. Nonetheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they may claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or an array of 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 together with your overall due diligence. This will paint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can indicate that earnings margins are too tight. Numerous companies come 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 commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new clients? Most times, operating businesses have repeat consumers, which form the core of their daily earnings. Certain elements such as brand-new competitors sprouting up around the area, road construction, and also employee turn over can affect repeat consumers and negatively affect future revenues. One important thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the better the possibility to build a returning customer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the regional average family earnings impact future earnings potential?