Listing ID: 83619
Full-Service Digital Agency specializing In website design & development looking for partner to share work load. All duties are performed by outside contractors who have a long history with the company. Industry experience is not necessary, but capabilities in management, supervision, project management, customer service and sales would be helpful to succeed in this business.
This business offering presents an opportunity to partner in a full-service digital agency specializing in:
1. Website design & development,
2. Website hosting
3. Maintenance services
4. SEO and marketing services
5. Pay per Click advertising
6. ADA compliance
7. App development
8.Mobile App development
9. Data migration
This home based business is ideal for an entrepreneur looking to control their future and gain entrance into the web services industry. Alternatively, this turnkey business can also be considered as an acquisition which can be absorbed into a complementary company that can benefit from the rich reputation and network that the Founder/Owner has cultivated.
As a business with an exceptional reputation, proven management and good-will, it is a safer business opportunity than most. The business is well positioned to increase revenue through the company’s strong network of referrals. This is a way to get into an established business with steady revenue.
The business is home based and is run virtually by off-site 1099 employees located in the United States. Business can be run from anyplace with a laptop and a phone.
This company was started in 2016 and the owner has put in the work to earn a five-star reputation reputation that the business enjoys throughout the industry. The excellent goodwill that this business has been able to produce is further substantiated by the fact that all of their customers are generated by referrals. This company is also a certified SBA, WOSB and EDWOSB.
GROWTH & EXPANSION
This is a business that can be maintained by a dedicated individual ready to plug into the strategy and systems that has been perfected over the years, or it can be bolted on to another brand. There is a great potential to leverage the company’s existing customer list to grow sales.
The market size of the Web Services industry in the US increased faster than the technology sector and the economy overall. New businesses depend on web service companies to create websites in an increasingly digital world. Websites are no longer optional for a thriving business. It is projected that revenue for the Web Services industry will increase to annual sales of $70.3 billion by 2026.
The business has had only one owner since it opened its doors 5 years ago.
The owner performs oversight, determines scope of work and generates sales proposals upon request. The owner is proud of what they have accomplished and has built a strong foundation for a new ownership to take the business to the next level.
REASON FOR SELLING
The current owner has become too busy with other obligations to give the company the time it needs to grow.
SUPPORT & TRAINING
The owner is open ready to sell a percentage of ownership in the company so the business gets the attention it needs to grow. The partner will benefit from the experience and goodwill from the founder and the industry in general. The owner would consider selling 100% of the company if the buyer was capable of delivering high-quality services to its customer base.
- Asking Price: $149,500
- Cash Flow: $75,000
- Gross Revenue: $215,000
- EBITDA: N/A
- FF&E: $5,500
- Inventory: N/A
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
This is a home based business that can virtually be operated anywhere. (Home Based)
The owner is fully committed to providing the buyer training and adequate time for a smooth transition in a mutually agreed upon time.
There are opportunities for growth. The company does no marketing or formal selling. Sales are 100% organic. A marketing program would be very effective at giving the business a chance to grow quickly.
This Business Is Home Based
The business was started in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell companies. Nonetheless, the true reason and the one they tell you may be 2 entirely different things. For instance, they might state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be reasons to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a range of various other factors. This is why it is extremely essential that you not count totally on a vendor's word, however instead, make use of the vendor's answer along with your overall due diligence. This will repaint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Remember that in some cases this can mean that revenue margins are too tight. Numerous companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract brand-new consumers? Often times, businesses have repeat clients, which develop the core of their daily revenues. Particular factors such as new competitors growing up around the area, road building, and staff turn over can affect repeat consumers and also negatively influence future revenues. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical house earnings impact future revenue potential?