Listing ID: 83398
This business is a well-established and profitable energy efficiency and weatherization company with an impeccable reputation. This industry is experiencing rapid growth nationally and in Maine, as it has the nation’s oldest housing and experiences relatively harsh winters. Services include; energy audits, insulation, “buttoning up” a home, wet basements, window replacement and more. Strategically placed in a growing part of Maine, the company has little local competition and demand for their services is ever-growing thanks in part to their excellent reputation, and rebates paid to clients for the services rendered and work performed. Owners are willing to work with new ownership to ensure a smooth and seamless transition.
This is a unique chance to own a business in a rapidly expanding industry with remarkable opportunity for expansion.
Down Payment: $275,000
Sellers Discretionary Earnings: $123,000
Total Sales: $315,000
Location: North of Portland
Year Established: 2009
Reason for Selling: Retirement
Category: Construction, other
- Asking Price: $275,000
- Cash Flow: N/A
- Gross Revenue: N/A
- 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 people choose to sell businesses. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in earnings, or a range of other factors. This is why it is really important that you not depend entirely on a seller's word, yet rather, make use of the seller's solution along with your total due diligence. This will paint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can mean that revenue margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new consumers? Often times, businesses have repeat consumers, which create the core of their day-to-day earnings. Particular elements such as brand-new competition growing up around the area, road building and construction, and staff turnover can impact repeat customers and adversely influence future incomes. One crucial point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A last idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood mean home earnings influence future income potential?