Business Overview

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This unique business is ideal for a licensed plumber and/or electrician looking to go out on their own. This company has a long history in the area and has a unique approach to marketing that has garnered incredible visibility and loyalty. The new owner can benefit from a well-established book of business and referrals.

The seller brands himself by wearing a button-down shirt and bow tie in all of his advertising. This creates an air of professionalism that brings customers in and gets them to call every time they need service.

This unique branding sets him far apart from his competitors and has served him well for many years.

Financial

  • Asking Price: $200,000
  • Cash Flow: $90,000
  • Gross Revenue: $202,600
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1976

Detailed Information

  • 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
Is Support & Training Included:

Seller will assist in transition

Purpose For Selling:

Retirment

Additional Info

The business was founded in 1976, making the business 46 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell operating businesses. Nevertheless, the real factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a range of other factors. This is why it is very crucial that you not rely completely on a vendor's word, yet rather, use the vendor's solution together with your total due diligence. This will repaint a more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Numerous businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be met or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract brand-new customers? Most times, operating businesses have repeat clients, which develop the core of their daily revenues. Specific factors such as new competitors growing up around the location, roadway building, and also staff turn over can affect repeat clients and adversely affect future earnings. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the greater the chance to develop a returning customer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the neighborhood mean family income impact future revenue potential?