Listing ID: 82626

Business Overview

Septic services, portable rentals business Est 28 years.

Financial

  • Asking Price: $3,000,000
  • Cash Flow: $705,000
  • Gross Revenue: $3,085,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1993

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

To be provided

Purpose For Selling:

Retire

Additional Info

The venture was established in 1993, making the business 29 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell businesses. However, the genuine factor vs the one they say to you might be 2 absolutely different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may just be justifications to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is really important that you not rely absolutely on a seller's word, however instead, utilize the vendor's answer combined with your general due diligence. This will paint a more reasonable image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can suggest that revenue margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that need to be met or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract new clients? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competition growing up around the location, road construction, and also employee turnover can influence repeat customers and also adversely influence future revenues. One essential thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the better the chance to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional average home income influence future income potential?