Listing ID: 82906
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: $88,400
- Cash Flow: $223,500
- Gross Revenue: $6,695,800
- 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 types of reasons people choose to sell companies. However, the real factor and the one they tell you may be 2 totally different things. For instance, they may claim "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may just be reasons to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of various other factors. This is why it is really essential that you not count absolutely on a vendor's word, however rather, utilize the vendor's response combined with your general due diligence. This will paint a much more practical image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that profit margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be met or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new clients? Many times, businesses have repeat consumers, which develop the core of their daily earnings. Particular aspects such as brand-new competition growing up around the area, roadway building and construction, and also personnel turn over can impact repeat customers as well as adversely impact future profits. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the better the possibility to develop a returning customer base. A final idea is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the local median family income impact future earnings potential?