Highlights of Business
Business is well established, rapidly growing, and nicely profitable
General manager in place and willing to stay on
Usually Monday through Friday work week, with only occasional weekend work
Steadily growing sales and profitability
Sales for 2022 were up 38.5% over 2021
Clean books and records
Very minimal inventory required
Seller will train
Business qualifies for SBA financing, which means lower down payment and longer terms
Seller will sign a non-compete agreement
History/Operations
The owner started the business in 2009. Most of the company's business is done within Springfield and the surrounding 50 miles.
Facilities
The business operates from an office and shop that is centrally located to its customers and materials suppliers, and which is owned by the business. The real estate is available through VR's sister company Professional Real Estate, LLC.
Discretionary Earnings
The seller is representing that the Discretionary Earnings for this business for 2022 were $424,777, and that they can prove it to a buyer and their accountant's satisfaction. That amount is AFTER deducting the estimated debt service on the purchase of the real estate (estimated at $67,104 yearly).
Real Estate
The office and shop from which this business operates is available through VR's sister company Professional Real Estate, LLC, and is priced at $595,000.
Financing
This business qualifies for SBA financing, since it has good books and records, and is priced attractively for its Discretionary Earnings.
Reason for Selling
The owner is moving out of state.
Employees
One full time employee serves as general manager. There are 6-8 other full time employees.
This is a rapidly growing, well-run business with good profitability and very substantial upside, and which is priced attractively. Buyers who believe it might be a possible fit for them should not delay in taking the next step, which is to arrange to receive the full confidential information.