Listing ID: 82909
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: $88,500
- Cash Flow: $254,600
- Gross Revenue: $745,800
- 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 why individuals choose to sell businesses. Nevertheless, the true reason and the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or a range of other factors. This is why it is very important that you not rely absolutely on a vendor's word, however instead, use the vendor's answer together with your total due diligence. This will repaint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too thin. Many businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in brand-new customers? Often times, companies have repeat consumers, which form the core of their everyday earnings. Specific variables such as new competition sprouting up around the area, road building, as well as staff turn over can impact repeat clients and negatively impact future profits. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A last idea is the general location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? How might the local median home earnings effect future earnings potential?