Listing ID: 83679
Certified by the American Red Cross, the company offers personalized CPR training for individual and group CPR, first aid, AED (automated external defibrillator) and more. Classes are available at the customer’s convenience, in their home or place of business. Community classes are offered several times a year in several locations in Anne Arundel County.
Projected revenue for 2021 is up 50% from pre-COVID. And the price of the business includes over $20,000 in inventory. Inventory includes:
– 15 Infant Manikins
– 13 Adult Manikins
– 13 AED Trainers
– 1 Vehicle
– $400 in miscellaneous supplies
The company was started in 2017 and has grown every year outside of 2020 (COVID).
Potential growth can be achieved by bringing in other instructors and expanding beyond just training and into complimentary services.
Make an offer as ownership is looking to make a deal.
- Asking Price: $160,000
- Cash Flow: $53,567
- Gross Revenue: $99,574
- EBITDA: $53,567
- FF&E: N/A
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Family is moving out of the area
The venture was established in 2017, making the business 5 years old.
The transaction does include inventory valued at $20,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. Nonetheless, the real reason vs the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in profits, or a variety of various other reasons. This is why it is really vital that you not count completely on a vendor's word, but rather, use the vendor's response combined with your total due diligence. This will paint an extra reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can indicate that profit margins are too thin. Lots of companies 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 commitments 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 vendors that should be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area bring in brand-new clients? Many times, operating businesses have repeat clients, which develop the core of their daily revenues. Specific elements such as brand-new competitors sprouting up around the location, roadway construction, as well as employee turn over can affect repeat customers and adversely influence future earnings. One important thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the edge of town? How might the regional typical household income impact future earnings potential?