Listing ID: 82896
Executive Style, High margin, Non-Emergency Repair & Restoration
Great lifestyle business! Work normal weekday hours. No overnight calls!
Home office/Repair/Restoration B2B/B2C
Owner does not do the work. This is an executive model. Owner scales the business. Average job is $1,130 with 40% margins. No contracting or receivables. Cash business. Technicians are paid well and do all of the work. NO brick and mortar location to pay for, Work from home. Niche Restoration!!
Other key benefits include:
– Very scalable
– Very low overhead
– Minimal inventory
– HIGH profit margins
– Few employees
- Asking Price: $75,900
- Cash Flow: $187,400
- Gross Revenue: $612,700
- 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 kinds of reasons why people resolve to sell operating businesses. However, the true reason vs the one they tell you might be 2 totally different things. For instance, they might say "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to try to hide the reality of altering demographics, increased competitors, current reduction in earnings, or an array of other reasons. This is why it is really vital that you not rely entirely on a seller's word, but rather, utilize the vendor's solution along with your general due diligence. This will paint a much more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans so as to cover points like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too tight. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that need to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new clients? Often times, businesses have repeat consumers, which create the core of their day-to-day revenues. Specific elements such as new competition growing up around the location, road construction, and also personnel turnover can affect repeat clients and also negatively affect future profits. One crucial point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the local median home income influence future income potential?