Listing ID: 82383
GREAT SDE numbers, you do not need drafting or architecture background to by this business! Well established design company with exceptional growth over the last two years. Custom plans designed for not only single family residences, but multi-family complexes and residential living above commercial space. An amazing company with a great reputation, great staff, great clientele. The housing market remains very strong, custom plans are in high demand for high end homes. Plans have been drawn for houses throughout Nebraska and all the surrounding states.
Excellent opportunity for immediate income by selling from a massive inventory of computer drawn plans. Selling from this inventory could operate as its own business or bring in great passive income to the overall design business. The combination of the design business and the inventory of plans is a one of a kind opportunity that doesn’t come along very often. Current owner is willing to stay on for a while, potentially as a contract drafter. Well developed relationships with over 50 builders.
- Asking Price: $1,500,000
- Cash Flow: $551,750
- Gross Revenue: $790,000
- EBITDA: N/A
- FF&E: $130,000
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. However, the true reason vs the one they tell you may be 2 absolutely different things. For instance, they may state "I have a lot of various commitments" or "I am retiring". For lots of sellers, these reasons are valid. But, for some, these may just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is very crucial that you not depend absolutely on a seller's word, yet rather, use the vendor's solution combined with your total due diligence. This will repaint an extra sensible image of the business's existing situation.
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 offer. Many businesses borrow money in order to cover items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location draw in new customers? Often times, businesses have repeat customers, which create the core of their day-to-day revenues. Certain factors such as brand-new competitors growing up around the location, roadway building, and personnel turnover can impact repeat consumers and also negatively influence future earnings. One important point to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business regularly, the greater the possibility to build a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? How might the regional mean household earnings effect future revenue potential?