Business Overview

Truly a turn key operation! The seller is very motivated, as evidenced by the recent slashed price. The overall franchise has been around for over 20 years. Current territory includes all of Lincoln and multiple surrounding counties. Chemicals used are a proprietary, organic blend. All the equipment you need to run your OWN business! Customers in place and lots of room to grow. Home shows are starting soon, hop on this opportunity now to get a jump start on 2022!

Looking for a way to start off your path to financial freedom? You won’t see another opportunity like this one to get you started.
The franchise company has been around for over 20 years, the current owner started the Lincoln area franchise one year ago. Training opportunities are readily available from the franchise company, current owner will continue to be resource to the new owner.
2 competitors in the area. Products used with this company are superior to the competition.
Huge potential for growth. A number of large housing developments going in area with need for pest control. Current owner in discussion with a housing development area that would double sales for 2022

Financial

  • Asking Price: $72,000
  • Cash Flow: N/A
  • Gross Revenue: $29,400
  • EBITDA: N/A
  • FF&E: $7,000
  • Inventory: $8,400
  • Inventory Included: Yes
  • Established: N/A
Is Support & Training Included:

3 weeks

Purpose For Selling:

moving

Additional Info

The transaction will include inventory valued at $8,400, which is included in the asking price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell operating businesses. Nevertheless, the true reason vs the one they tell you might be 2 absolutely different things. For instance, they may say "I have too many other obligations" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in revenues, or a range of various other reasons. This is why it is really important that you not count entirely on a seller's word, yet instead, use the vendor's response along with your overall due diligence. This will repaint a much more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Many companies borrow money in order to cover points like inventory, payroll, accounts payable, etc. Remember that sometimes this can imply that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise 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 should be fulfilled or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area attract brand-new customers? Many times, companies have repeat customers, which form the core of their daily revenues. Specific aspects such as brand-new competition growing up around the location, road building and construction, and staff turnover can impact repeat consumers and also adversely influence future revenues. One crucial 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? Certainly, the more people that see the business regularly, the greater the opportunity to construct a returning client base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the local mean home earnings impact future earnings prospects?