Listing ID: 74283
This window and pressure washing service is well known in NW Arkansas and has accounts with some major commercial clients. The business serves both business and residential. It is easy to operate and has extremely low overhead so a new owner can operate as big or as small as they would like.
The business has big benefits from operating within a franchise system like:
1) Specialized Skills from neighboring office locations
2) Help with finding employees
3) New accounts at the local level secured by the national franchise
4) Preferred suppliers to save you money on supplies
5) Marketing and lead generation
- Asking Price: $99,900
- Cash Flow: $58,746
- Gross Revenue: $96,000
- EBITDA: N/A
- FF&E: $58,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- 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
This is a home based business so overhead is very low.
There is a lot of opportunity for growth. The business has been through management changes and has not realized it's full potential yet. More history can be provide post NDA but there is a lot of upside here.
This Business Is An Established Franchise
The company was started in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell operating businesses. Nevertheless, the true reason and the one they tell you may be 2 completely different things. For instance, they might state "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is very important that you not count completely on a seller's word, however instead, utilize the vendor's answer together with your general due diligence. This will repaint an extra sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that profit margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that need to be satisfied or might lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract new customers? Most times, companies have repeat consumers, which form the core of their daily earnings. Particular variables such as new competitors sprouting up around the location, road construction, and employee turnover can influence repeat clients and also adversely impact future revenues. One crucial point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A final thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Just how might the regional typical family income impact future revenue prospects?