Listing ID: 67391
Gross Revenue for last 12 months: $1,253,040 Date Opened: April 20, 2020 Gross Margin for last 12 months: $273,406 Employees on Staff: 1 Gross Commission for last 12 months: $164,044 Square Footage: 1567 Monthly Lease Rate: $2,771 Additional
Our Frederick, Maryland office is centrally located in Frederick County where nearly 9,000 businesses employ more than 106,000 people. Named as one of the top 5 places to live in America in 2021 by Livability.com, the office’s territory includes a robust blend of businesses within the light industrial, manufacturing, agriculture, bioscience, professional services, healthcare, and technology sectors. Major employers like Costco Wholesale, Fort Detrick, Wells Fargo, The Kroger Co., Legal and General, STULZ Air Technology Systems, Flying Dog Brewery, and Goodwill of Central and Northern Arizona also have major operations located in Frederick County. With a population increase of 16.4% between 2010 and 2020, Frederick County is poised for big business in 2022 and beyond. Our franchise system is the largest staffing franchise in the world with more than 870 offices globally. We offer a variety of staffing solutions including Evaluation Hire, Temporary or Contract Staffing, and Direct Hire, across a wide variety of industries and job classifications, including Light Industrial, Skilled Trades, Office Services, and Professional.
- Asking Price: $100,000
- Cash Flow: N/A
- Gross Revenue: $1,253,040
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2020
- 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
This Business Is An Established Franchise
The company was founded in 2020, making the business 2 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell companies. Nonetheless, the true factor and the one they say to you might be 2 absolutely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competition, current reduction in incomes, or an array of other factors. This is why it is really vital that you not depend totally on a vendor's word, yet rather, make use of the seller's solution along with your total due diligence. This will repaint a much more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover items such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too thin. Lots of organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be met or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract new clients? Often times, companies have repeat clients, which develop the core of their day-to-day profits. Certain elements such as new competitors sprouting up around the area, roadway building, and personnel turnover can affect repeat clients and negatively affect future profits. One essential point to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local average house earnings effect future income potential?