Listing ID: 72896
PART-TIME, HOME-BASED FRANCHISE BUSINESS WITH YEAR OVER YEAR SALES GROWTH. SALES LEADS GENERATED FOR YOU.
The franchisor corporation was started in 2009, and this OKC franchise was started in 2019. Sales have increased steadily and stayed strong through the pandemic, with gross sales up 33% over 2020. The gross sales for 2022 are projected to exceed $200,000. The company has many long-term customers and referrals. Most business growth comes from the franchisor providing telephone sales that makes cold calls for you. The franchisor also does marketing and pay-per-click advertising through SEO.
The seller works 20-25 hours per week and has staff in place. All equipment is included (complete detailed asset list provided), including 2 Ford F650, reclaim system, vacuums, two pressure washers, etc. The owner took a salary of $60,000 in 2021.
The seller is listing the business at two prices. The first price is $50,000 and an all-cash offer at a discount of 33%. The seller will consider the owner’s carry on a case-by-case basis at the seller’s sole option. On an owner carry sale, the price is $75,000 at 10%) for 3 years with 50% of the purchase price paid at closing.
- Asking Price: $50,000
- Cash Flow: $34,000
- Gross Revenue: $182,400
- EBITDA: N/A
- FF&E: $60,000
- Inventory: $5,000
- Inventory Included: Yes
- Established: 2019
- 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
Currently Home Based (Home Based)
The seller will provide four weeks of training at no cost and agree not to compete for ten years after closing.
Scaling this business is possible without adding more equipment or staff. Additional sales opportunities are in services such as vehicle disinfecting and aluminum brightening.
This Business Is Home Based
This Business Is An Established Franchise
The venture was founded in 2019, making the business 3 years old.
The sale does include inventory valued at $5,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nevertheless, the true reason vs the one they say to you may be 2 entirely different things. As an example, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to try to conceal the reality of altering demographics, increased competitors, current decrease in revenues, or an array of other factors. This is why it is extremely crucial that you not depend absolutely on a seller's word, but rather, use the seller's solution together with your total due diligence. This will paint an extra practical picture of the business's current 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 deal. Many operating businesses take out loans with the purpose of covering things such as inventory, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that revenue margins are too tight. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area attract new clients? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Certain elements such as new competition sprouting up around the location, roadway building and construction, and also staff turnover can impact repeat consumers as well as negatively affect future incomes. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the possibility to build a returning customer base. A last thought is the general area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the local mean house earnings influence future income potential?