Listing ID: 82884
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: $349,800
- Cash Flow: $235,700
- Gross Revenue: $1,210,000
- 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 individuals resolve to sell businesses. However, the real factor and the one they say to you may be 2 entirely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is extremely important that you not rely absolutely on a seller's word, however instead, make use of the seller's solution in conjunction with your total due diligence. This will paint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too thin. Numerous businesses 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 may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that need to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new consumers? Many times, companies have repeat consumers, which form the core of their day-to-day profits. Certain elements such as new competition sprouting up around the location, roadway building, and employee turnover can impact repeat clients and also adversely affect future revenues. One vital point to think about is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Obviously, the more individuals that see the business often, the greater the chance to construct a returning customer base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional median household earnings impact future income prospects?