Listing ID: 82892
Patented, Elite B2B, B2C, complete floor/Carpet Cleaning business!
Complete Services of Hardwoods, Tile, Vinal, and Carpet! All Cleaning products are Patented, Green, and safe for children and Pets. Easy to learn business with high repeat customer usage. Very high margins and low overhead. Quick drying process and with products that are exclusive to you. This an essential business! Some seller financing available. Proven systems and back-office technology come with the business. Very scalable!!
- Asking Price: $115,200
- Cash Flow: $231,400
- Gross Revenue: $665,300
- 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 individuals resolve to sell companies. Nonetheless, the real factor and the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these might just be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is very important that you not rely completely on a seller's word, however rather, make use of the vendor's answer along with your general due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new consumers? Many times, companies have repeat clients, which form the core of their daily profits. Particular aspects such as brand-new competition growing up around the location, roadway building, and also employee turn over can affect repeat consumers as well as adversely impact future revenues. One essential point to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the better the possibility to construct a returning consumer base. A last idea is the general location demographics. Is the business situated in a largely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood average family earnings influence future income prospects?