Listing ID: 83656
This business started in 2020 and with its rapid growth has become known as the go-to mobile detailing service in Petersburg, VA and the surrounding areas. Current owner is taking a military transfer to another part of the country and is ready to pass the business on to someone who can continue its expansion.
Services are provided to individuals, companies, fleets, and the government. Existing government/military base contracts are in place. A partnership with one of the nation’s leading ceramic coating companies adds high-margin premium services as an offering to those who want extra protection for their cars and trucks. All equipment and vehicles are included in the sale.
The business is set up to perform mobile detailing at customer locations or at its 1,400 square-foot facility, located 5 miles from Fort Lee. Website allows customers to easily book appointments online
- Asking Price: $125,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $3,000
- 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
The transaction will include inventory valued at $3,000, which is included in the asking price.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 absolutely different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is really important that you not depend totally on a seller's word, but rather, use the vendor's answer together with your general due diligence. This will paint an extra realistic picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover points like stock, payroll, accounts payable, and so on. Remember that occasionally this can mean that earnings margins are too small. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new clients? Often times, companies have repeat clients, which form the core of their daily revenues. Particular elements such as new competition growing up around the area, road building, and employee turnover can influence repeat clients and also adversely affect future earnings. One crucial point to think about is the location of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business often, the greater the possibility to develop a returning customer base. A last thought is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional average house earnings influence future revenue prospects?