Listing ID: 81333
OWNER MAKES GOOD INCOME & WORKS HALF A DAY! Specialty easy home improvement franchise catering to all high end areas of Las Vegas, Summerlin, Green Valley, Centennial Hills & more! Sale includes 2 vehicles plus enclosed trailer. Superb online reviews and Certified Google Partner for searches through franchise! Seller works 20hours per week or less with manager in place! Seller may be willing to stay on after sale as qualified individual for licensing. Excellent systems& processes in place for smooth easy continued operations! Cheap rent for nice office/warehouse location! Low flat fee royalty for franchise. Good staff in place. Gross Sales & Total Income are estimated for 2021 based on the first 8 months of the year. Robust growth each year 2018-2021! EMAIL NOW before it is gone! For the fastest reply to you inquiry, please use this ad’s email reply! For the fastest reply to your inquiry, please use this ad’s email reply or contact Business Broker Edward Smith (RE# BS.0038345.PC; Business Broker Permit# BBP.0000005) at 702-274-7320 or email email@example.com.
- Asking Price: $379,999
- Cash Flow: $153,632
- Gross Revenue: $579,343
- EBITDA: N/A
- FF&E: $66,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,576
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,576 square feet with a Total Monthly Rent of $1,699. Lease ends 05/2022. Seller is active in the business with 1 FT and 2 PT employees. Hours of operation are 7am-4pm Monday to Friday. $10,000 in Inventory and $66,000 in FF&E included in asking price. C3 B Finish Carpentry and C4 A Painting Licenses required. Franchise home improvement business uses materials made in USA! Google Certified Partner for advertising!
Moving out of state
This Business Is An Established Franchise
The business was started in 2016, making the business 6 years old.
The transaction does include inventory valued at $10,000, which is included in the requested price.
The business has 1 FT, 2 PT employees and is located in a building with disclosed square footage of 1,576 sq ft.
The real estate is leased by the business for $1,699 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell companies. However, the true factor and the one they tell you might be 2 absolutely different things. For instance, they may state "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in earnings, or a variety of other factors. This is why it is extremely essential that you not count totally on a seller's word, yet instead, use the seller's solution together with your general due diligence. This will repaint a more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally 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 vendors that should be met or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in new customers? Most times, businesses have repeat consumers, which form the core of their daily profits. Certain factors such as new competition growing up around the area, roadway building and construction, as well as personnel turnover can influence repeat consumers and adversely affect future profits. One important point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Obviously, the more individuals that see the business often, the greater the possibility to develop a returning consumer base. A last thought is the general area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the local average family income impact future earnings potential?