Listing ID: 82709
Business Overview
Excellent opportunity in a niche business with strong repeat business. A minimal work force is required and there is space available to expand into metal fabrication/repair. The Real Estate is available for sale and Seller Financing is available to a qualified buyer. The seller is willing to train the new owner and assist with a smooth transition. Currently serving the upper Midwest markets.
Equipment repair is very affordable and a great alternative to purchasing new. Suppliers are a good source of referrals and a focus on marketing could lead to additional revenue.
Financial
- Asking Price: $95,000
- Cash Flow: $49,999
- Gross Revenue: $207,997
- EBITDA: N/A
- FF&E: $87,935
- Inventory: $30,000
- Inventory Included: Yes
- Established: 1979
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Seller is willing and prepared to fully train the new owner.
Retirement
There is no local competitors in this market. The current owner has proven over the years that their excellent work and turn time can't be beat.
Marketing to current customers as well as seeking out additional referral sources could enhance this business.
Additional Info
The company was started in 1979, making the business 43 years old.
The deal does include inventory valued at $30,000, which is included in the asking price.
The business has 2 employees and is located in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they may claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competition, current reduction in revenues, or an array of various other reasons. This is why it is very crucial that you not count entirely on a vendor's word, however instead, make use of the seller's solution in conjunction with your overall due diligence. This will repaint a more sensible image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that earnings margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that must be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Most times, operating businesses have repeat consumers, which create the core of their daily revenues. Particular factors such as new competition growing up around the location, road building, as well as employee turnover can influence repeat consumers and also adversely impact future earnings. One important point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business often, the higher the opportunity to build a returning consumer base. A final thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood average home earnings impact future income potential?
