Listing ID: 73078
Fantastic opportunity to take over an already established franchise with claim to one of the largest and most premier franchise territories in Colorado offered by this recognized and respected nationwide home services company. Don’t miss this unique opportunity. Business provides residential & commercial, interior & exterior painting services to customers. Robust franchiser support and training. Operational infrastructure and 3 years of direct marketing included. Exciting opportunity for anyone looking to own his/her own business for a low upfront investment cost and ownership involvement options. Find out more – Call Today!
- Asking Price: $115,000
- Cash Flow: N/A
- Gross Revenue: $62,293
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2021
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Home-based (Home Based)
Provided by franchisor
This Business Is Home Based
This Business Is An Established Franchise
The business was established in 2021, making the business 1 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the true reason and the one they say to you might be 2 completely different things. As an example, they may state "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in revenues, or an array of various other reasons. This is why it is very vital that you not depend totally on a vendor's word, however instead, make use of the vendor's answer together with your overall due diligence. This will repaint a more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too thin. Numerous organisations fall into 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 building where the business resides. The business may have existing contracts with suppliers that should be met or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area bring in brand-new customers? Often times, businesses have repeat clients, which form the core of their daily profits. Particular factors such as brand-new competitors sprouting up around the location, roadway building and construction, and also employee turn over can impact repeat customers and also negatively affect future revenues. One vital point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the outskirts of town? Just how might the neighborhood mean household income effect future income potential?