Listing ID: 82743
Established business with over 45 years of expert service in calibrating and servicing laboratory testing equipment on site for a variety of companies. They currently service a 150-mile radius of Charlotte and the work allows maximum flexibility in scheduling. They currently work approximately three days a week so the opportunity for significant growth for an owner who would work the business full time is substantial. The owner is willing to train the new owner and introduce the client base. Owner financing is available for the right buyer.
- Asking Price: $250,000
- Cash Flow: $111,000
- Gross Revenue: $195,000
- EBITDA: N/A
- FF&E: $14,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 1976
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller training for 30 days at zero cost.
Non-compete: 60 miles for 3 years
The company was established in 1976, making the business 46 years old.
The sale does include inventory valued at $5,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why people choose to sell businesses. However, the true reason and the one they tell you may be 2 completely different things. For instance, they may say "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in profits, or an array of various other factors. This is why it is really vital that you not depend completely on a vendor's word, yet rather, use the vendor's answer in conjunction with your total due diligence. This will repaint a more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies borrow money so as to cover points such as stock, payroll, accounts payable, and so on. Remember that sometimes this can suggest that revenue margins are too thin. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Most times, operating businesses have repeat customers, which create the core of their daily earnings. Specific aspects such as brand-new competition sprouting up around the location, road building, and also employee turnover can affect repeat clients as well as negatively impact future profits. One vital point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the chance to build a returning customer base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional typical house earnings impact future earnings prospects?