Listing ID: 82090
Are you good at designing, estimating and/or selling, or do you possess the aptitude for learning these skills? Put your construction and finish work experience to work for you, as your own boss. If you have ambition, dedication and drive, this business will pay off for you. This franchisor will provide 95 hours of in-depth training is all areas necessary to hit the ground running. You will learn cabinet repainting, designer refinishing, refacing, re-dooring, floor refinishing and replacing countertops, backsplashes and hardware. The franchisor offers specialty coatings and patented countertop overlay system, which gives homeowners many options and complete satisfaction. The initial franchise fee is $30,000, when you sign a franchise agreement. Other startup costs typically include equipment and inventory from $13,000 to $37,000. With vehicles and shop rent, total investment will likely run from $92,400 to $195,200. Territories are available in at least 15 states. Contact us for the Franchise Disclosure Document and a complete breakdown of the costs and royalty fee.
- Asking Price: $30,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $30,000
- Inventory Included: N/A
- Established: N/A
This Business Is An Established Franchise
The deal won't include inventory valued at $30,000*, which ins't included in the listing price.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 totally different things. For instance, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be justifications to attempt to hide the reality of transforming demographics, increased competition, current decrease in profits, or a range of 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 combined with your general due diligence. This will repaint an extra realistic image of the business's existing scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans in order to cover points like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can mean that profit margins are too tight. Many organisations fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Particular aspects such as brand-new competition growing up around the location, roadway construction, and also employee turnover can influence repeat customers as well as adversely influence future revenues. One important thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? Just how might the regional median home income effect future earnings potential?