Business Overview:
•Business has experienced rapid growth, is well established with a great reputation, and nicely profitable
•Sales for 2022 were up 38.5% over 2021
•General manager in place and willing to stay on
•Usually Monday through Friday work week only, with only occasional weekend work
•Clean books and records
•Very minimal inventory required
•Seller will train
•Business qualifies for SBA financing, which means lower down payment and longer terms
The seller is representing that the Discretionary Earnings for the business for 2022 were $424,777 and that he can prove that to a buyer and their accountant. That amount is AFTER deducting the estimated yearly debt service on the purchase of the real estate from which the business operates, in the amount of $67,014.
This business qualifies for SBA financing, since it has good books and records, and is priced attractively for its Discretionary Earnings.
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Property Features and Assets:
The business operates from an office and shop that is centrally located to its customers and material suppliers and which is owned by the business. The real estate is available through VR’s sister company Professional Real Estate, LLC for $595,000.
Market Competition and Expansion:
There is normal competition in the area except regarding the chip-and-seal service the business offers, which has virtually no competition in the area.
Reason for Selling:
Owner Moving To Another State.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Asking Price: $375,000