Listing ID: 82641
Buy this business. A great opportunity to:
• Work with high end wealthy clients
• Own a business in a high growth community
• Access opportunity to increase business by taking over market share from other sub-par operators (10X growth)
• Provide a high level of service
This business takes care of second homes, for homeowners that want to be able to have their home kept in great shape and fully ready to enjoy a good vacation.
- Asking Price: $375,000
- Cash Flow: $113,016
- Gross Revenue: $553,300
- EBITDA: N/A
- FF&E: $20,000
- Inventory: $100
- Inventory Included: Yes
- Established: 2007
- 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
This is a lean, low overhead business. All equipment needed to run the business is provided. (Home Based)
Will train for 4 weeks @ $0 cost. A property management license is not required to run this business. The ideal buyer is detail oriented and good with clients. A contracting background, to manage subcontractors for remodels and repairs is a plus.
Plenty of competitors, but the marketplace has a lack of detail oriented, thorough property managers that follow through. There is plenty of opportunity to capture market share by continuing to provide good service. Also, the growth in this area is substantial and current operators are struggling to keep up. New clients are having difficulty even finding managers to take them on.
Current owner has intentionally capped the number of properties they manage. A new owner can live on a comfortable income without expanding, or grow the business. A 10X growth is possible.
This Business Is Home Based
The business was founded in 2007, making the business 15 years old.
The transaction will include inventory valued at $100, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nevertheless, the real factor vs the one they say to you may be 2 completely different things. As an example, they might say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in incomes, or a range of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, however rather, make use of the seller's solution in conjunction with your overall due diligence. This will repaint a much more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering points like supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can imply that earnings margins are too thin. Numerous organisations 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 might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new consumers? Most times, businesses have repeat consumers, which create the core of their day-to-day profits. Certain variables such as new competitors growing up around the location, road building and construction, and also employee turn over can impact repeat clients and negatively influence future earnings. One essential thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to build a returning client base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood mean household earnings influence future income potential?