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Broker Contact Information |
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Concrete Leveling/Repair Biz, SBA Financing! | Listing ID: 20726 |
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| Asking Price: |
$275,000 |
Status: |
Active |
| Business Type: |
Service - Landscaping, Gardening Services | Construction - Others |
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| Business Location: |
Illinois |
Broker Coop: |
Yes |
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DuPage County |
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Annual Income Information |
Labor Information |
| Gross Sales: |
$364,000 |
Full-Time Employee: |
2 |
| Cash Flow: |
$130,000 |
Part-Time Employee: |
1 |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
S Corporation |
Leased SqFt: |
1,000 SF |
| Year Established: |
2000 |
Rent /Month (Include NNN): |
$910 |
| Accounting Info(years): |
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Lease Exp.Date: |
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| Franchise: |
Yes |
Original Lease (# of yrs): |
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| Liquor License: |
No |
Lease Left (# of yrs): |
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| Seating Available(#): |
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Lease Option (# of yrs): |
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| Parking Space(#): |
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Lease Renewable: |
Yes |
| Hours of Operation: |
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Lease Transferable: |
Yes |
| Reason For Sale: |
Family issues |
Rent Increase: |
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| Seller Training Available: |
Yes (Includes comprehensive training at franchisor's headquarters. They also visit your territory to assist you with marketing, administrative, and field operations. The seller will provide an added 2wks of training!) |
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Price Description |
Financial Information |
| Real Estate Included: |
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Seller Cash Out: |
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| Real Estate Value: |
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Seller Financing Available: |
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| Fixture & Equipment Included: |
Yes |
Seller Financing Amount: |
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| Fixture & Equipment Value: |
$72,500 |
Seller Financing Term(years): |
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| Inventory Included: |
Yes |
Annual Interest Rate: |
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| Inventory Value: |
$2,000 |
Min. Down Requested: |
$46,000 |
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Business Description |
Lifting concrete is the most attractive and least expensive method where driveways, sidewalks, walkways, patios and pool decks need leveling. This franchise employs years of technical experience and a host of proprietary and unique equipment to get the job done quickly, beautifully and inexpensively. This business grew by more than 35% last year despite the economy! This is a turn-key opportunity to own an established, fast growing, money-making, large protected territory with all of the necessary equipment and experienced employees. If you’ve been looking at business listings, you know that very few businesses are actually strong enough to be pre-approved for an acquisition loan. A lender must thoroughly review the financial performance of the business and be convinced that a buyer would be successful under current and likely future conditions. Please keep in mind that lenders will not pre-approve a business for SBA financing unless it demonstrates a proven ability to service debt and provide a reasonable income for the owner. The ability to simply service debt (or "pay for itself") alone isn't sufficient, lenders know that the buyer's enthusiasm and energy will also be required and that isn't likely unless the business is also capable and likely to provide a good income to the buyer.
Facilities: This business currently operates out of commercial space, where equipment & supplies are stored. There are no storefront requirements, industrial/warehouse space is sufficient! The currently used 800 to 1,000 sq. ft. space is rented and the lease would be renewed in August 2012. The current rent is $910/mo (gross).
Competition: The franchise enjoys a very large protected territory and...relations with the bordering franchisees are supportive and friendly. The equipment employed is unique and proprietary to this franchise. Unlike traditional methods of concrete repair which are expensive and unsightly, this franchise has a national reputation for providing a cost-effective and attractive repair solutions…and they have the expertise to tackle a wide variety of repairs.
Growth and Expansion: There will always be a market for leveling concrete surfaces. Communities everywhere are plagued with jagged sidewalks, uneven steps, and sunken driveways. In addition, the franchise handles sunken foundations, bowed basement walls and leaning chimneys. The opportunities are terrific and the ability of the business to THRIVE in a lackluster economy speaks for itself! |
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