Listing ID: 82905
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
Support: Support back Full office and Marketing support, Lead Gen Systems are provided.
Competition: Mostly owner operators, they have trouble doing more than on job/day.
Facilities: Work from home, market and quote. Techs do the work.
Support/Training No Experience needed, full training in all aspects of the business.
- Asking Price: $89,700
- Cash Flow: $221,600
- Gross Revenue: $687,200
- 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 individuals decide to sell companies. Nevertheless, the real factor and the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, current decrease in profits, or an array of other reasons. This is why it is extremely important that you not rely totally on a seller's word, yet rather, use the vendor's response along with your overall due diligence. This will repaint an extra sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too small. Lots of organisations fall into 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 consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be satisfied or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new customers? Often times, companies have repeat consumers, which form the core of their everyday earnings. Specific elements such as brand-new competition growing up around the location, road construction, and staff turnover can influence repeat customers and also negatively impact future profits. One vital thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the possibility to build a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood mean house income influence future revenue potential?