Law Firm For Sale in Orlando area
Law Office For Sale in Orlando area
Leading Central Florida Law Firm for sale. This law firm is highly specialized in Foreclosure, Bankruptcy, Tax, Personal Injury, and Real Estate. The Firm is located in the Orlando and Central Florida area and offers services throughout the State of Florida. The firm has 3 attorneys and a total staff of 6 additional people. Business has excellent books and records, and has been in the local area for 8 years and has a large database of clients. Most of the clients come from client referrals, general marketing, web presence, TV and Radio advertising, and direct mail. For more information please call 407-808-4287.
Rubber Mulch Co, Green growth industry, Internet Adv, 86K Earnings
A Company that sells Rubber Mulch Products. The company is an established internet based business that specializes in selling recycled rubber mulch products for playgrounds, landscapes, turf infill, and more. The company offers competitive pricing and superb customer service in a “green industry” which is experiencing fast growth. The business has sold to over 2,000 customers with an increasing percentage becoming repeat customers(recurring revenue).
The company had their west coast manufacturer go out of business in June but is back online as of late September 2015. The result was that they stopped their online marketing for that area for 3 months which was one of their largest areas. This negatively impacted both the revenues and bottom line in June, July, and August of 2015. The great news is that they have a letter of intent signed with a new manufacturer that is going to be able to provide the product faster and at a lower cost than the manufacturer they previously use as a second option in the future. They asked me to price it move quickly so I just lowered the price to $325K plus inventory(approx. $10K). If you have an interest in this business please take another look and get an offer in as soon as possible. Keep in mind, they are very positive on the future growth and profits of this business.
The current owner bought the 7 year old company on August 15, 2014. The Year to date revenues through October 31 ,2015 were $1,1MM in revenue with $86K in adjusted earnings. They have an impressive 28% gross profit margin and adjusted earnings of 8% based on the efficient business model the new owners have established which a new owner can easily step into. This business has an eight year record of profitability and consistency.
Founded in 2007, RMP has established itself as one of the leading online rubber mulch providers. They sell to individuals, retailers, and businesses. They also warehouse materials for their local market in Orlando, Florida. They have well established drop-ship relationships with a dozen separate suppliers strategically located throughout the US. This model makes for a business that is not capital intensive because it does not require the owner to carry much inventory.
The business operates day to day without the owner’s physical presence. A new owner could live anywhere in the US. The current owner currently lives in Idaho. He bought it to own with the investment company that he owns part of knowing that he could improve their marketing substantially and grow it. In May, the investment company moved to Puerto Rico and raised their minimum size of acquisitions and therefore decided to sell this asset since it is smaller than what they are investing in currently. He very much believes in the growth potential and future of this business and feels it is much better positioned now than it was when they bought it.
The business price was just lowered to $325K including inventory which is between $5K and $20K.
Location: Anywhere a new owner wants to live. The business has a warehouse in Florida that does not need hands on management.
There is an increasing demand for rubber mulch products for many reasons including the simple fact that more and more people are learning that the products exist, that they are made out of recycled tires and are ecologically friendly, that they can increase safety on playgrounds or play areas at home, and that these products last and keep their color longer than their alternatives which reduces long term cost and work for landscaping especially for commercial properties. In fact, there are hundreds of uses for rubber mulch and new products being invented for it every year.
Products and Services: The business has diversified and well established supplier relationships in place and offers the lowest prices on the internet. If an authorized dealer is offering a better price, they have historically been able to profitably match that price. Plus, their drop ship model allows them to carry all of their suppliers products. The company has established relationships with shipping networks that offer unbeatable prices. Their warehouse in Florida sells locally which helps them keep a strong market share of one of the biggest and best markets in the country for rubber mulch products.
Marketing: The company has a recently upgraded website that is user-friendly and offers customers product details, a rubber mulch calculator, photos, and explains the companies price match policy. The website is interactive and allows an email to be sent which starts the order process of either requesting a quote or to have samples sent. They have developed a network of domains to drive leads for the business. Traffic to the sites is driven primarily through Paid and Organic channels. SEO services have been purchased and are just beginning to see results which should significantly drive future sales higher.
Growth Opportunities: The seller is absentee and involved in several larger projects that have taken the vast majority of his time and efforts. This is the main reason that he has decided to sell. A new buyer could increase SEO efforts, refine pay per click, Email contacts, increase the product line, and possibly hire a sales person to call on schools, municipalities, landscapers, etc. Details: Launching a comprehensive SEO campaign would bring in additional targeted traffic, establish additional first page rankings, and would take advantage of all 12 domain names owned by the company. Refinement of the pay per click campaign would yield immediate and significant results as the average order is $1,227 and just a few additional sales per month can easily cover the additional advertising cost. The seller has never utilized the customer email data base which should be used for periodic promotions, etc. which is the least expensive and most effective way to increase sales. Plus, the new owner can increase the product line through existing vendors or by adding new ones.
Turnkey Online Operations: Any customer can submit an order online. The customer decides on what he wants and the website submits and email for a quote. A quote is then sent followed by either a credit card order over the internet that gets processed by QuickBooks online account or a follow up phone call to the customer. The purchase order is then sent to the factory and shipping is arranged. The product(s) are usually shipped in 3-5 days.
Warehouse: The business has a 5,000 square ft warehouse located in Florida. It has a couple of offices and is in a great location for local pick-ups and deliveries.
Transition/Training: The knowledge transfer will be very easy and straightforward and should not take more than a week or two based on the turnkey nature of the business. The owner will include 30 days of complete training and support. The websites are user-friendly and the owner will include some hands on training to ensure a smooth transition. In addition, the owner will be available for conversations and questions after the 30 days as needed.
Employees: The company has an absentee owner, general manager, warehouse manager, and an inside sales person who handles active customer accounts and leads that come in. The warehouse has several hourly workers also. A new owner could take over any of the management jobs saving that salary and further increasing the profitability to more than $200K right away. The broker did not add one of those salaries back which would typically be done with an absentee owner.
Assets: The FF & E/Assets include the fully automated website, all proprietary coding, social media accounts, and an established customer database of approximately 2,000 contacts. The transition will also include all marketing and advertising materials as well as vendor accounts with the twelve different suppliers.
Thank you for your interest in this. Please call Jeff Chapman any time at 303-905-7607 with any questions or to set up a call or meeting with the Seller.
If you are NOT interested in this business for sale, but you refer someone to me who buys it, I will pay you a referral fee of $2,000 just after the closing. I will also pay 10% of my earned commission for any referrals to me for people that may be interested in Selling their businesses. Please send me anyone who you think would be interested in this offering or selling their business.
Jeff Chapman Eisnaugle
Company Broker Group, LLC.
999 18th St Ste 3000
Denver, CO 80216