Listing ID: 82527
Situated in and servicing the Greater Seattle Area, this listing specializes in high-end residential construction for single family homes from 2,000 sq. ft. to 8,000 sq. ft. Strong reputation since 1984 and benefited with high online ratings, the business also provides remodeling & new construction projects for single family custom homes as well as multifamily exterior envelope specialties. Projecting 2021 gross sales of more than $3.5 Million, Total Revenue for 2019 amounted up to $3,399,690 along with Seller Discretionary Earnings of $536,381. Skilled personnel of eight nonunion employees are most likely to remain post-sale and continue their effective streamlined operations with remote management. Well-reputed and ready, this ideal financial investment is open to new optimizations and plans by an ambitious buyer wanting to take company to the next level. Besides their website and workshop engagements, heavier sales and marketing efforts can easily back the many referrals coming from a recurring client base. The home-based operation uses approximately over 1,000 sq. ft. of offsite warehousing space for included equipment. Available for lease from current ownership. Under a strategic 12 month transitioning, angles such as more office personnel and increased carpentry for self-performed labor could further a quick development.
- Asking Price: $1,750,000
- Cash Flow: $536,381
- Gross Revenue: $3,399,690
- EBITDA: $494,219
- FF&E: $130,000
- Inventory: N/A
- Inventory Included: Yes
- Established: 1984
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
Leased warehousing of 1,500+/- for included Equipment and varying Inventory per project is available! (Home Based)
Strategic 12 month Owner Transition period.
Approaching retirement and/or pursuing other interests.
This Business Is Home Based
The company was founded in 1984, making the business 38 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. Nonetheless, the genuine factor vs the one they tell you might be 2 absolutely different things. For instance, they may state "I have too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be justifications to attempt to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is very essential that you not depend entirely on a seller's word, however rather, make use of the seller's solution together with your total due diligence. This will repaint a much more realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies borrow money so as to cover items like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that earnings margins are too thin. Many businesses 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 may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that need to be satisfied or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new clients? Most times, operating businesses have repeat customers, which develop the core of their daily revenues. Particular factors such as new competition sprouting up around the location, roadway building, and also employee turn over can affect repeat consumers and negatively influence future earnings. One essential thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the higher the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the regional median house income influence future income potential?