Listing ID: 70299
Business Overview
Purchase two companies and put your foot on the gas!
Business price is $2,000,000.00 Real Estate is priced at $1,324,000.00
Priced at only 3x earnings and room to drive earnings up!
Strong Instant Cash Flow with tools that can increase cash flow more!
Selling price can be lowered by approximately $500,000 with EIDL assumption.
SBA pre approved for 25 years!
This is a well known established franchise with a construction company. The franchise is a smoke, fire, water, wind and hail damage remediation company. Franchise has a national presence and a well functioning web based lead system. The web based lead system provides a steady flow of customers to the franchise Well established over 10 years and a strong base of adjusters and insurance companies. The franchise is the first call for a base of agents to assist their clients in the event of a fire, smoke, wind or hail damage. The beauty of this is the franchise call sets up the work for construction company to do the needed repair work. The construction company has a strong and steady flow of work. Also, because of the previous work the construction company has completed, it now is experiencing repeat and referral business. Also the real estate is an excellent purchase. 2 apartments above the office location provide additional income. There is also a newly constructed 2 stall oversized mini warehouse with a 2 bedroom large apartment above. For additional information please contact listing agent Scott Kranz at 612-662-5488 or scottk@fcbb.com.
Financial
- Asking Price: $3,324,000
- Cash Flow: $600,000
- Gross Revenue: $3,000,000
- EBITDA: $500,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:18
- Furniture, Fixtures and Equipment:N/A
Seller is active in the business with 16 FT employees and 2 Independent Contractors. Hours of operation are 8 AM to 5 PM, Monday - Friday.
6 Months - 32 hours per month
Seller would like to pursue other interests.
The current owner does not have certain lead generation tools turned on. Turn those tools on and it is an instant boost to sales and profits!
This Business Is An Established Franchise
Additional Info
The business was founded in 2009, making the business 13 years old.
The business has 18 employees and is located in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 completely different things. For instance, they may say "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in earnings, or an array of various other reasons. This is why it is really crucial that you not rely completely on a seller's word, yet rather, make use of the vendor's answer combined with your general due diligence. This will repaint an extra sensible image of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that earnings margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or may cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new clients? Most times, companies have repeat customers, which develop the core of their everyday earnings. Certain aspects such as brand-new competitors growing up around the location, roadway construction, as well as personnel turnover can impact repeat customers as well as adversely impact future incomes. One essential thing to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the opportunity to construct a returning client base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the regional typical house earnings influence future earnings potential?
