Specialty Sales and Service Business - Covid Proof

Springfield, MO
Greene County

Located on one of the busiest streets in town


Asking Price: Annual Revenue:
$199,500 $262,534

Retail: Non-classifiable


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RE: Specialty Sales and Service Business - Covid Proof Broker: Bret McGowne
Owner Financing is Available!
The seller will consider providing some owner financing if required by the SBA lender.

Quick Facts

Asking Price: $199,500
Annual Revenue: $262,534
Net Profit: Not Disclosed
Cash Flow: $108,386
Total Debt: Not Disclosed
FF&E: $38,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 4
BBN Listing #: 871634791
Broker Reference #: 42500003

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Business Overview:

Highlights of Business
• Business is operated with just a handful of employees besides the owner
• Immediate profitability – take over one day, be profitable the next
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms
• Business not open evenings or weekends
• Seller will sign a non-compete agreement
• A+ rating with the Better Business Bureau

History of Business
The seller has 25 years of experience in this industry and finally started his own business.

Employees
The owner works approximately 40 hours per week in the business doing sales, ordering, scheduling and servicing. He has three full time employees and one part time employee. He uses sub-contractors as necessary to meet demand.

Customers and Markets Served
The company provides sales and service to roughly 200 clients a year primarily in a 20-mile radius from its location.

Website
The company has a website that is currently under construction.

The seller is representing that the Discretionary Earnings of the business for 2019 were $108,386, and that he can prove that amount to a buyer and their accountant. That amount up 38% from 2018.

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Property Features and Assets:

The business is operated in a facility that is approximately 2,600 sf. There are two display areas in front and two bay areas in back with garage door access. The façade is undergoing a remodel and the seller expects it will be finished sometime in 2021. The upgraded look will make their showrooms even more inviting to customers but will likely result in an increase in the rent upon completion. Any buyer expecting to continue operations in the current location would want to make their offer contingent on negotiating a lease with the landlord that is satisfactory to them in every way.

Market Competition and Expansion:

There is normal competition to this business in the area.

Reason for Selling:

Recent diagnosis of cancer.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

Relevant Links:

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