Listing ID: 82320
A successful and growing remodeling business is for sale in Eastern Nebraska. The Business has had a stellar reputation for over 25 years and specializes in remodels and renovation of homes in Eastern Nebraska. Sales have grown to over $1.6M in ’19 and are on pace to exceed that in 2020 and has not been affected by Covid. The Business has experienced contracted labor crews that does quality work. A new Owner could take over administrative duties as a GM handles the day to day activities. This Business would be an excellent add-on to an existing construction business or as a standalone. If real estate would ever be included in the transaction, it will be handled by a licensed Real Estate Broker. The current owner will work to make it a smooth transition. For more information, please call Mark Baumgartner at 402 827-3190.
- Asking Price: $625,000
- Cash Flow: $270,000
- Gross Revenue: $1,650,000
- EBITDA: N/A
- FF&E: $7,650
- Inventory: N/A
- Inventory Included: Yes
- Established: 1992
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
The business was founded in 1992, making the business 30 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell companies. However, the genuine reason vs the one they say to you might be 2 totally different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might simply be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or an array of other factors. This is why it is very essential that you not rely entirely on a seller's word, yet instead, utilize the vendor's answer together with your total due diligence. This will paint an extra reasonable picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses finance loans in order to cover points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can indicate that earnings margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in brand-new clients? Often times, companies have repeat consumers, which form the core of their day-to-day earnings. Certain elements such as new competitors sprouting up around the area, roadway construction, and employee turnover can influence repeat customers as well as negatively affect future earnings. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the opportunity to construct a returning customer base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood median home earnings effect future earnings prospects?