Listing ID: 82899
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: $88,600
- Cash Flow: $196,800
- Gross Revenue: $658,700
- 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 sorts of reasons individuals decide to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 entirely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be excuses to attempt to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is very essential that you not depend absolutely on a vendor's word, yet instead, make use of the vendor's response together with your general due diligence. This will repaint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover items like stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area bring in new consumers? Many times, companies have repeat consumers, which form the core of their everyday profits. Certain aspects such as new competitors growing up around the area, road construction, as well as staff turn over can impact repeat customers and negatively affect future profits. One crucial point 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? Undoubtedly, the more individuals that see the business on a regular basis, the higher the chance to construct a returning client base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the local typical house income effect future earnings potential?