Listing ID: 82707
This land surveying company is located near a major metropolitan area in NC. The firm has enjoyed much success by providing professional expertise and exemplary customer service. This company has a large client base with new business leads coming from customer referral. The business is well equipped with technology, equipment, and robust customer list. The current owner will be available to assist and advise the buyer throughout the sales transition period and beyond. The current office space is available for lease as well. This business is ready to grow with a qualified buyer who will expand the company’s online presence.
- Asking Price: $250,000
- Cash Flow: $83,000
- Gross Revenue: $263,000
- EBITDA: N/A
- FF&E: $27,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1981
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Seller training for 5 days at $0 cost
Non-Compete: 50 miles for 3 years
The business was established in 1981, making the business 41 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 entirely different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or a range of various other factors. This is why it is extremely crucial that you not rely entirely on a vendor's word, yet rather, utilize the vendor's answer together with your general due diligence. This will paint a much more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that revenue margins are too thin. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that must be satisfied or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new consumers? Many times, companies have repeat customers, which create the core of their everyday revenues. Specific variables such as brand-new competitors growing up around the location, road construction, and also staff turnover can impact repeat clients as well as adversely impact future incomes. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the chance to build a returning customer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional average household earnings effect future revenue potential?