Listing ID: 82848

Business Overview

This is a manufacturer of custom metal and wood buildings. The company can build onsite or in its facilities and deliver a completed building.  This business has been serving both retail and wholesale customers for over 35 years. The business price includes equipment, vehicles, inventory and a great customer base.  The Real Estate associated with the business is available at an additional cost.  The owner is looking to retire and will assist a new owner in a smooth transition.

Financial

  • Asking Price: $2,300,000
  • Cash Flow: $149,000
  • Gross Revenue: $1,700,000
  • EBITDA: N/A
  • FF&E: $250,000
  • Inventory: $300,000
  • Inventory Included: Yes
  • Established: 1984

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:10
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Three metal manufacturing building and one office building.

Is Support & Training Included:

Owner will assist in a smooth ownership transition.

Purpose For Selling:

Retirement

Additional Info

The company was founded in 1984, making the business 38 years old.
The sale will include inventory valued at $300,000, which is included in the listing price.

The business has 10 employees and resides in a building with estimated square footage of 2,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell businesses. Nonetheless, the true reason vs the one they say to you might be 2 totally different things. For instance, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, recent decrease in earnings, or a variety of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, however rather, utilize the vendor's response combined with your overall due diligence. This will repaint an extra realistic image of the business's current scenario.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that earnings margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location attract brand-new customers? Most times, businesses have repeat customers, which create the core of their day-to-day revenues. Particular aspects such as new competition sprouting up around the location, roadway building and construction, and staff turn over can impact repeat customers and adversely influence future revenues. One crucial point to take into consideration 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 develop a returning customer base. A last thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the regional mean house earnings effect future income potential?