Profitable, Steadily Growing Service Business

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Asking Price:
$199,000

Gross Revenue:
$757,887
Cash Flow:
$120,010
EBITDA:
$80,010
Inventory:
 Not Disclosed
included in asking price

FF&E:
$3,100
included in asking price

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Business Description

Highlights of Business
• Well managed and profitable
• Sales have been steadily increasing - are up over 30% in 2017 vs 2016.
• 25 year old franchise system. Ranked #1 in franchisee satisfaction from 2012 to 2015. Over 300 existing franchises in North America.
• Clean books and records
• No inventory required
• The owner does none of the labor himself, but could for extra profit
• Immediate profitability - take over one day, be profitable the next
• Be in business for yourself, not by yourself
• Franchisor and Seller will train - No experience necessary
• SBA financing available
• Business not open evenings or weekends
• Seller will sign a non-compete agreement

Yearly Cash On Cash Return - Based on 2017 Results
Down Payment Required - $ 27,220
Yearly Return After All Expenses and After Debt Service - $ 85,454
See Test For Reasonableness of Purchase Price in the Detailed Info About Business attachment for details.

Products and Services Offered
This franchise business is a professional services company that focuses on both commercial and residential accounts. They have a polished, structured marketing process with professionally produced marketing pieces and methods.

This is not a cleaning company or septic tank pumping business nor any other type of potentially unpleasant service business. Our advertising is vague about the service being provided because this is the only franchised business of the type in Springfield, Missouri, so if the industry were mentioned, the confidential fact that the business is fore sale could inadvertently be disclosed.

No experience in the industry is necessary.

Franchise Transfer Fee
There is an estimated $5,250 franchise transfer fee that will be charged by the franchisor to train a new owner, and is typically paid to the franchisor by the buyer, but the expense can be added to the acquisition loan.

Financing
This business qualifies for SBA financing, since it has good books and records, and is priced appropriately for its Discretionary Earnings. The seller has agreed to consider providing the appropriate amount of seller financing if required by an SBA lender.

The required down payment would be approximately $27,220, assuming a 10% down payment and $60,000 in working capital being provided by the lender. Buyers should consult with their advisers regarding the proper amount of working capital necessary for this business, if necessary.

Discretionary Earnings
The Discretionary Earnings (also known as Normalized Cash Flow or Total Owner Benefit) of $120,010 are for 2017.

More Information Available Below
For more information about this business, including the Seller's Disclosure Statement, click on the Detailed Info on Business link below.

About the Business

Year Established:
2014
Number of Employees:
1
Franchise:
Yes
Real Estate:
Leased
Building Sq. Ft.:
650
Lease Rate/Sq. Ft./Yr.:
$11.08
Facilities:
The business is operated from approximately 650 sf of leased office space. The current lease expense is $600 per month, including utilities.

An offer to purchase a business operating from leased space should always contain a contingency clause stating that the purchase will be contingent upon the buyer being able to obtain a lease satisfactory to the buyer in all respects.
Market Outlook/
Competition:
This business has normal competition in the commercial marketplace and the residential marketplace but few, if any, of his competitors are in both markets.

The business is up over 30% in sales in 2017 vs 2016.
Growth & Expansion:
The seller sees the biggest opportunity for growth in commercial sales. In addition, there is substantial opportunities to expand the business in areas surrounding Springfield, but the owner says there has been no time for him to start marketing to the other areas because of the growth being experienced in the business with just the Springfield market.
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About the Sale

Reason For Selling:
The seller wants the proceeds to start another business in another location.
Training/Support:
The seller will provide 3 weeks of dedicated training, at no additional charge. The Franchisor will also require training at the buyer’s expense at a location and of a duration to be decided by the Franchisor. Typically, this franchisor provides 2 weeks of training.
Seller Financing:
Seller will consider providing the appropriate seller financing if required by SBA

Listing Info

ID:
1363192
Ad Detail Views:
160

Attached Files Attachment Disclaimer

  Detailed Info on Business (1 MB)
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Business Listed by

Bret McGowne

VR BUSINESS SALES - Spfd/Branson Office

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Sponsoring Broker:

Jerry Myers, MBA, CBI
VR BUSINESS SALES - Spfd/Branson Office

U.S. Census Data for Greene County, MO
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Greene County, MO
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.