Listing ID: 82760
Business Overview
Well-established, non-franchise mold testing and abatement company with a stellar reputation available for your purchase.
Owner has serviced over 5600 customers including government agencies, property management companies, landlords, commercial and residential properties. A new owner could easily grow the business by automating these contacts who remain well satisfied with the quality of services performed.
Business is turn-key with owner offering training and financing, so he can pursue other interests. This is a great opportunity for the right buyer.
Don’t miss out, contact us today and make this business yours!
Financial
- Asking Price: $160,000
- Cash Flow: $70,901
- Gross Revenue: $258,703
- EBITDA: N/A
- FF&E: $8,055
- Inventory: $2,255
- Inventory Included: Yes
- Established: 1997
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:3
- Furniture, Fixtures and Equipment:N/A
Negotiable
Other interests
Still not that much competition with mold as specialty with full testing and remediation.
Owner hasn't advertised for a while. There is big opportunity to grow if 5600+ previous customers were in automated contact and now that there is more knowledge of how serious mold can affect your health and property.
Additional Info
The company was established in 1997, making the business 25 years old.
The sale will include inventory valued at $2,255, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nevertheless, the real reason vs the one they tell you may be 2 completely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is extremely vital that you not rely absolutely on a seller's word, but rather, use the vendor's response together with your total due diligence. This will repaint a more sensible image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too tight. Many 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 commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be met or may cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new customers? Many times, businesses have repeat customers, which create the core of their everyday revenues. Particular aspects such as new competition growing up around the location, road construction, as well as staff turnover can affect repeat consumers and also negatively influence future incomes. One crucial point to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the opportunity to develop a returning customer base. A final thought is the general location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood mean household earnings impact future income prospects?
