Listing ID: 82942
Remodeling and construction company in O’Fallon, MO that has been in business for over 40 years!!! Owner is ready to retire and wants to see his baby find a good home. Business has a storefront in O’Fallon and primarily services St. Charles and St. Louis counties. Has great reviews on Angie’s List and Home Advisor. Owner believes business could be easily expanded. Business has done more revenue in the past but owner has scaled down as he approached retirement. For additional information please contact listing agent Bruce Thompson at 314-614-6930 or email@example.com
- Asking Price: $99,000
- Cash Flow: $31,008
- Gross Revenue: $150,269
- EBITDA: N/A
- FF&E: $35,000
- Inventory: $30,000
- Inventory Included: Yes
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,250 square feet with a Total Rent of $550. Lease ends 4/2026 with a one 5 year lease option. Seller is active in the business with 1 Independent Contractor. Hours of operation are 7 AM to 4 PM, Mon-Fri. $30,000 in Inventory and $35,000 in FF&E included in Asking Price.
The deal shall include inventory valued at $30,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nonetheless, the true reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to try to conceal the reality of altering demographics, increased competition, recent decrease in profits, or a range of other factors. This is why it is really crucial that you not rely completely on a seller's word, yet instead, use the seller's answer together with your total due diligence. This will repaint an extra sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies finance loans in order to cover points like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Many times, operating businesses have repeat consumers, which create the core of their daily profits. Particular aspects such as new competitors sprouting up around the location, road construction, and staff turn over can impact repeat clients and also adversely impact future incomes. One essential thing to take into consideration 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 chance to construct a returning consumer base. A final idea is the general location demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood average home earnings impact future income potential?