Listing ID: 82878
National Contracts in place!
Niche, Unique, Wheelchair/Mobility Scooter Repair/Sales
One of a kind Service for repairing, renting, cleaning and sales of Wheelchairs, Power Chairs, Chair lifts and Hospital Beds.
Scooters, and other mobility products. We fix, clean, service and sell all of the major brands that SENIORS use to get around. We have national contracts in place. Small store front to fix and sell and a van to go to the customer if needed. We have very little competition when it comes to service and that is our highest generator of income. Easy to fix and repair
75 national contracts with makers of scooters/wheelchairs. Wal-Mart, Walgreens, and Home shopping network, CVS, 1800 Wheelchair, Spin Life, contract for set up and service.
- Asking Price: $205,600
- Cash Flow: $192,400
- Gross Revenue: $890,500
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 completely different things. For instance, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to try to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or a variety of various other reasons. This is why it is extremely crucial that you not rely completely on a vendor's word, yet instead, utilize the vendor's solution together with your general due diligence. This will repaint an extra practical picture of the business's present situation.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can suggest that profit margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that need to be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their daily profits. Certain aspects such as brand-new competitors growing up around the area, roadway building, as well as staff turnover can affect repeat clients as well as adversely influence future revenues. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the higher the possibility to construct a returning client base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the neighborhood median house earnings influence future earnings potential?