Highly Profitable Service Business With Expansion Opportunities

Kitty Hawk, NC (Dare County)

Highly Profitable Service Business

Asking Price:$1,425,000

Cash Flow:$417,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$270,000

Inventory:$17,500*

Established:N/A

*not included in asking price.

Highly Profitable Service Business With Expansion Opportunities

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Business Description

For over 25 years, this Outer Banks business has grown to become one the most recognized names in the area. Large amount of repeat and referral business. While existing numbers are attractive, plenty of room exists to grow revenue and cash flow even further. Seasonal business that allows owners to take up to 3 months off each year. This is an opportunity to acquire a longstanding business with great cash flow and plenty of upside while living in one of the most desirable areas of the country. Seller owns real estate and will provide attractive lease terms.

The business has been prequalified for a loan package that includes $100,000 in working capital with a $350,000 down payment for a Buyer with management experience or previous business ownership experience. No special licensing requirements exist. Seller will train and is also willing to consider financing for a portion of the sale for a qualified buyer.

This is a rare opportunity and will not disappoint. Confidential Listing. Qualified buyers only. Detailed marketing package including company video is available upon signing of Non-disclosure Agreement. Contact Jeff Baxter for additional details.

Detailed Information

Inventory:
Not included in asking price
Employees:
8 FT, 10 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
While limited competition does exist, this business maintains distinct competitive advantages that will be disclosed upon signing of Non-disclosure Agreement.
Growth & Expansion:
Several avenues exist for a more aggressive owner to increase revenue and expand services offered. Contact Broker for more information.
Support & Training:
Seller will provide 100 hours of training to be completed within 6 weeks after the date of closing. The Seller will also provide phone consultation for one year after the date of sale. Additional training and consultation is available for a nominal fee.
Reason for Selling:
Retiring after many years in business

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Jeffery Baxter

Business Listed By:
Jeffery Baxter

MidStreet Business Sales

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