Listing ID: 81077
SBA Approved for 10% down or 5% down for experienced buyer. America’s #1 cabinet refinishing franchise for sale in the Tacoma Washington Area. This profitable franchise is well established and nets over $230,000. The home improvement market is booming. Support and Training will be outstanding ensuring a smooth transition. 3 years tax returns will easily justify the asking price. Serious seller who has prepared his business for sale with the help of a Certified Public Accountant (CPA). He has all the necessary documents ready for due diligence, including tax returns, leases, equipment lists, financial statements and more. For more information including a detailed confidential opportunity summary with financial information and photos please use the form on this page to request more information and the NDA will be emailed to you right away. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978) at firstname.lastname@example.org.
- Asking Price: $465,000
- Cash Flow: $232,600
- Gross Revenue: $860,165
- EBITDA: N/A
- FF&E: N/A
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2010
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,850
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1850 square feet with a Total Monthly Rent of $2,400. Lease ends 6/2024. Seller is active with 3 FT employees. Hours of operation are 8am - 4pm Mon-Fri. $1,000 in Inventory is included in Asking Price. Painting and coating contractor license required.
Owner feels the business needs a local owner.
This Business Is An Established Franchise
The venture was established in 2010, making the business 12 years old.
The deal shall include inventory valued at $1,000, which is included in the asking price.
The company has 3 employees and is located in a building with disclosed square footage of 1,850 sq ft.
The building is leased by the company for $2,400 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. Nevertheless, the real factor and the one they say to you may be 2 absolutely different things. As an example, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, current reduction in revenues, or a variety of other factors. This is why it is really important that you not rely entirely on a seller's word, however instead, utilize the seller's solution combined with your total due diligence. This will paint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that earnings margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Many times, operating businesses have repeat clients, which form the core of their day-to-day revenues. Certain factors such as new competition sprouting up around the area, roadway building, and also personnel turn over can influence repeat customers and also negatively affect future revenues. One essential thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the opportunity to build a returning client base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Exactly how might the local average family earnings influence future income prospects?