All New Business Listings with Analysis | Spring 2024

Coin Laundry | Asking Price: $119,000

Location: Sarasota County, Florida

Asking Price: $119,000

12 month revenue: $175,626

12 month cash flow: $42,500

Monthly Revenue: $14,635

Monthly Profit: $3,542

Services: Coin Laundry, Coin dryer, vending, wash & fold and dry cleaning

Financial Review & Analysis

1. EBITDA and SDE not available for this listing – but based on gross revenue and free cash flow, we believe this to be priced fairly.

2. Buyer’s should inquire about the age and condition of all FF&E. Are there any existing loans? Is there a maintenance contract in place?

3. How long is commercial lease? Options to renew?

Is this business a target acquisition in our mind?

• Based on available information this would be an acquisition target

• $119,000 asking price allows for a new solopreneur to get into business.

• Opportunities to expand existing business lines

• This business IS SBA eligible through the SBA 7a Loan Program. 20% down payment would be required.

• Seller financing possible.

• We recommend potential buyers maintain a minimum of $2,000 monthly in working capital, mainly to cover FF&E upkeep and maintenance. 

Is this a business a new owner could take over? Revenue driver, cut costs

• This business has a low acquisition turnover risk.

• Owner would likely need to manage, or hire a manager.

• Key learnings for operator would be marketing, budgeting and machine maintenance.

What kind of upside is there? Bull case

• Seller recently invested $25,000 into the business: updated equipment and new features were added for customers.

• Increased marketing and potential for opening 24/7 to increase revenue.

• Untapped local market for pick up/drop-off laundry service.

• Fairly priced and a nice opportunity to earn passive income.

Home Inspection Business

Denver Metro Area

Asking Price: $166,000

12 Month Revenue: $195,493

12 Month Flow: $86,728

Monthly Revenue: $16,291

Monthly Profit: $7,227

Services: Home Inspections

Financial Review & Analysis

-Business is priced fairly at 1.9X SDE.

-Owner is selling to pursue other business interests.

Is this business a target acquisition in our mind?

-This listing is eligible for financing through the SBA 7a Loan Program.

-Seller financing possible.

-Working capital recommendation would be a minimum of $1,500 per month.

-This listing is priced fairly based on the information provided. Before we give it our green light, we need a contract in place for the key employee. Currently, the owner and key employee perform all inspections. New owner would need to be familiar with inspections.

Is this a business a new owner could take over? 

-We recommend a transition plan with seller to train new buyer on home inspections.

-One key employee is crucial in this listing. We recommend negotiating with the seller and key employee to keep him/her on board.

-Key learnings needed for the new operator is learning the process and procedures for home inspections.

What kind of upside is there?

-Currently, owner plus 1 employee perform all inspections. Plenty of room to hire and grow top line revenue.

-This listing would be best for someone with prior home inspection services.

-Possible to replace a FT salary withing 6-12 months.

College Placement Agency

Location: Florida, United States

Asking Price: $700,000

12 Month Revenue: $375,000

12 Month Flow: $150,000

Monthly Revenue: $31,250

Monthly Profit: $12,500

Date Founded: Nov 2017

Services: College Placement, 1-on-1 tutoring, SaS education learning platform.

Competition: Kaplan, Khan Academy, Wyzant

Financial Review & Analysis

-Listing is priced aggressively at less than 2x revenue.

-Multiples: 4x profit, 1.8x revenue

-Seller Discretionary Earnings not available.

-Recommend buyers perform due diligence on why the owner is selling.

Is this a target acquisition in our mind?

-On the surface this is a target acquisition in our mind.

-Listing is SBA eligible; however, since the business has no collateral, buyers      would need to pledge outside collateral.

-Working capital recommendation: at least $5k monthly. 

Is this a business a new owner could take over? 

-Business appears to be relatively turn-key.

-Potential buyers should inquire about the management team to ensure they are staying in place.

-Key learnings for operator: branding, social media, marketing, SaS education platform.

What kind of upside is there?

-Growth Opportunities: increased pricing, increased digital marketing, expansion to new markets, focus on SEO, social media marketing.

-Potential buyer could replace a FT salary with acquisition.

In-Home Personal Care Provider

Location: Nassau County, NY

Asking Price: $1,765,000

12 Month Revenue: $3,439,280

12 Month Flow: $414,019

Monthly Revenue: $286,600

Monthly Flow: $34,500

Date Founded: 2011

Services: home healthcare, matches clients with compatible caregivers.

Competition: nursing homes, assisted living facilities.

Financial Review & Analysis

- Listing is fairly priced based on available information.

-Multiples: 4.2x profit.

-Seller discretionary earnings not available.

-Owner is selling due to retirement.

-Prospective buyers should seek information regarding client lists, returning clients, and average length of client relationships.

Is this a target acquisition in our mind?

-Based on available information, this would be a target acquisition.

-In 2024, the “silver Tsunami” will arrive as the oldest of the largest population segment, baby boomers, reach their average life expectancy.

-Many clients pay with a long-term care policy.

-Purchase price includes transitional working capital.

-This business is eligible for financing through the SBA 7a Loan Program.

Is this a business a new owner could take over? 

- Buyer should have insurance billing knowledge, or willingness to learn.

-Key learnings: Home healthcare, insurance and long-term care billing, marketing, payroll and employee management (large business with 95 employees).

-Room for growth: Minimal - since home care is hyper-local.

-Recommend buyer to have business ownership experience.

-For sake of continuity and smooth transition of knowledge, the current Managing Owner will play a key mentorship role.

Legal Advice App

Location: remote

Asking price: $56,160

12 month revenue: $110,604

12 month flow: $36,660

Monthly Revenue: $9,217

Monthly Flow: $3,055

Date Founded: n/a

Services: Legal app provides legal advice and offers documents for individuals and university students.

Operations: The app generates revenue through in-app advertising and by selling various subscriptions packages to its users.

Financial Review & Analysis

-Listing is fairly priced based on available information.

-Multiples: 2.0x profit multiple, .7x revenue multiple.

-Seller Discretionary Earnings not available.

-Owner is selling because they lack the resources to scale the app to handle a high volume of valuable data.

- Prospective buyers should seek information regarding client lists, returning clients, and average length of client relationships.

-Prospective buyers should bring adequate working capital to the transaction, to take business to the next level.

Is this a target acquisition in our mind?

-Based on available information, this would be a target acquisition.

-App has secured the top position in downloads across platforms, with more than 100,000 downloads.

-App also has a high-value user community. Current ownership has built a community with valuable data and strong interaction among users.

Is this a business a new owner could take over?

-We recommend buyer have experience with ios applications.

-Buyer should perform due diligence on key legal employees, as these are technical positions, and vital for business success.

-Key Learnings: iOS/android applications, legal processes, converting traffic to business.

-Room for growth: moderate room for growth, app already leads the category.

Profitable Garage Door Company

Asking Price: $250,000

12 month Revenue: $358,000

12 month Flow: $125,000

Monthly Revenue: $29,833

Monthly Flow: $10,416

Date Founded: 2000

Services: Garage Door installation & service

Reason for Selling: Retirement

Financial Review & Analysis

- Listing is priced fairly based on available information.

- Multiples: 2.0x profit multiple.

-Owner is selling due to retirement.

-Prospective buyers need to get more information about the “key contracted employee.” How long is he/she contracted for? Options for renewal? How long have they been with the company?

- Prospective buyers should bring adequate working capital to the transaction

-This business can be acquired for as little as 10% down through the SBA 7a Loan Program.

Is this a target acquisition in our mind?

-Yes, this is a target acquisition.

-Longstanding business with history of success.

-Key employee is contracted to stay on post-acquisition.

-Business has seen a consistent increase in revenue.

-Business is scalable, with plenty of room for growth and multiple opportunities for a buyer to earn more market share.

Is this a business a new owner could take over?

-This is an excellent opportunity for someone looking for their first business with a strong foundation to grow on, or a strategic buyer to earn more market share.

-Opportunity for buyer(s) to expand business lines such as windows, doors, driveways etc.

-This business IS SBA eligible through the SBA 7a Loan Program. 20% down payment would be required.

Smartwatch Store

-Location: Remote

-Asking Price: $900,000

-12 Month Revenue: $1,500,000

-12 Month Flow: $285,000

-Monthly Revenue: $125,000

-Monthly Flow: $23,750

-Date Founded: site age – 3 years

-Services:

-Reason for Selling:

Security Guard Business

-Location: Utah

-Asking Price: $6,500,000

-12 Month Revenue: $8,698,098

-12 Month Flow: $1,540,646

-Monthly Revenue: $724,841

-Monthly Flow: $128,387

-Date Founded: n/a

-Reason for Selling: Owner Retirement

Services: B2B service, B2G Service

Financial Review + Analysis

-Listing is slightly over-priced based on available information.

-Multiples: 4.21x EBITDA, 1.34X Revenue

-Business is experiencing massive growth – recently was featured in the Inc. 5000 fastest-growing companies in America.

-Business owns several exclusive contracts with city justice courts. Prospective buyers should inquire about the length of these contracts, their renewability.

-Prospective buyers should inquire about the firms guard retention rate and their process for hiring new guards, as this business is dependent on staffing quality and qualified security personnel. 

Is this a target acquisition in our mind?

-Yes, this is a target acquisition.

-Buyers should examine the growth patterns, as the listing seems to be priced slightly high based on available ratios.

-Established business with profitable contracts in place.

-This is a solid opportunity for an entrepreneur to get into a market that’s expected to grow at a 13.44% CAGR over the next 3 years.

-Security/security guards remain essential for a wide variety of businesses.

Is this a business a new owner could take over?

Absentee Potential, SBA Eligible

-Yes, this is a business a new owner could take over.

-This business IS SBA eligible through the SBA 7a Loan Program. 20% down payment would be required.

-Room for growth: Possible expansion beyond current geographical market, expand into private security detail.

-Key Learnings: Government contracts, Commercial/Residential contracts, hiring and retaining key employees.

Thriving Liquor Store Business

-Location: Denver, Colorado

-Asking Price: $647,000

-Year Established: 1993

-12 Month Revenue: $1,831,660

-12 Month Flow: $201,429

-Monthly Revenue: $152,638

-Monthly Flow: $16,786

-Inventory: $275,000

-Services: Liquor/beer/wine sales

-Reason for Selling: Other Opportunities 

Financial Review + Analysis

-Priced fairly based on available information.

-Multiples: 3.2x earnings, .35x Revenue 

-13% increase in business revenue YTD.

-Business not affected by grocery store wine sales.

-Business is positioned in a prime location with easy access, this business listing is relatively turnkey.

-How many years remain on the commercial lease? What are the renewal options?

Is this a target acquisition in our mind?

-Yes, this is a target acquisition.

-Seller Financing available for a well-qualified buyer.

-This business is eligible for financing through the SBA 7a Loan Program.

-Well-established business that has been part of the local community for more than 30 years.

-New owner can acquire this turnkey operation without any business disruptions. 

Is this a business a new owner could take over?

-Yes, good opportunity for first-time buyer, or established entrepreneur. 

-Room for growth: Limited

-Key Learnings: POS system, inventory management, trends in the liquor industry.

Iconic Roadhouse & Music Venue w/ Real Estate:

Location: Denver, Colorado

Asking Price: $499,000

Year Established: 2017

Inventory: $30,000

12 Month Revenue: $1,857,429

12 month Flow: $207,264

Monthly Revenue: $154,786

Monthly Flow: $17,272

Inventory: $30,000

Services: Bar/restaurant, live music venue, pool tables

Reason for Selling: n/a

Financial Review + Analysis

-Listing is priced fairly based on available information.

-Multiples: .26x revenue, 2.4x flow

-This establishment is open 7 days per week, serving breakfast, lunch & dinner.

-30,000 vehicles pass by this highly visible location each year.

-One of Colorado’s largest outdoor patio’s and music venues.

-Buyers should inquire about staffing and employee retention, as restaurant staffing can be a challenge at times. 

-Who manages the business? How long have they been in place?

Is this a target acquisition in our mind?

-Yes this is a target acquisition.

-Established business with frequent regular customers.

-Large outdoor venue allows to contract musical artists and other acts to attract clientele. 

-This business has been lender pre-qualified, and is eligible for financing through the SBA 7a Loan Program.

-New owner can acquire this turnkey operation with minimal business disruptions.

Is this a business a new owner could take over?

-Yes, this is an established business with a proven track record, and loyal customer base.

-Key Learnings: Hiring, POS system management, food service/safety, operations management.

Ideally Located Gas Station

Location: Nassau County, NY

Asking Price: $500,000

Year Established: 1999

Inventory: $160,000

12 Month Revenue: $250,000

12 Month Flow: $168,000

Monthly Revenue: $20,833

Monthly Flow: $14,000

Inventory: $160,000

FF&E: $40,000

Services: Gasoline, vehicle service station, other renatal income.

Reason for Selling: Personal

Financial Review & Analysis

-Listing is priced fairly based on available information.

-Multiples: 2x revenue, 2.97x SDE

-Long established business. – current owner has been in place for 20 years.

-Seller’s net cash flow after expenses is $14,000 per month.

-Property is available for purchase as well for $2,000,000.

- All necessary permits will transfer to new owner at time of sale.

-Buyers should examine break-down of fuel sales to concession sales.

-Buyers should inquire about lease options/renewals. Since the property is for sale, buyers need to ensure the business will be protected.

Is this a target acquisition in our minds?

-Yes, this is a target acquisition.

-Business has strong cash flow, established in the market, and sells an essential good.

-Seller will train new owner.

-Business is eligible for financing through the SBA 7a program.

Is this a business a new owner could take over?

-Yes, this is a strong opportunity for a first-time business owner.

-Owner will train buyer on all systems and ordering processes.

-Key learnings: POS system management, payroll management, fuel ordering, marketing.

Franchise Cleaning Business

Location: Denver

Asking Price: $650,000

Year Established: 2016

Inventory: n/a

12 Month Revenue: $1,131,738

12 Month Flow: $237,546

Monthly Revenue: $94,312

Monthly Flow: $7,859

FF&E: Included

Services: House cleaning

Reason for selling: Retirement 

Financial Review & Analysis 

-Listing is priced fairly based on available information:

-Multiples: .57x sales, 2,7x SDE 

-Business territory is three high-value territories in Denver metro area.

-Business employs W-2 cleaners.

-This business benefits from strong brand recognition, and franchisor support.

-Prospective buyers should inquire about the number of accounts, age of accounts, and rate of new accounts acquired.

-Prospective buyers should inquire about the current staff: is there a high turnover rate? 

Is this a target acquisition in our minds?

-Yes, this is a target acquisition.

-Established business with strong brand recognition.

-Recurring revenue with clients on weekly, bi-weekly, or monthly scheduling.

-Potential buyers can franchise into additional markets.

-Can always add clients in existing market by ramping up marketing efforts and hiring additional cleaners.

Is this a business a new owner could take over?

-Yes, this is a business a new entrepreneur can take over.

-Currently, the owner does not perform any of the cleaning duties, rather focus on the administrative side of the business.

-Key Learnings: sales, payroll, bookkeeping, and client relations.

-This business is eligible for financing through the SBA 7a Loan Program.

The #1 Hot Food Vending Kiosk

Location: New York

Asking Price: $25,000

Year Established: 2021

Inventory: n/a

12 month revenue: n/a

12 month flow: n/a

Monthly revenue: n/a

Monthly flow: n/a

FF&E: n/a

Services: hot food self-service vending kiosk

Reason for selling: n/a

Financial Review and Analysis

-Prospective buyers need more information regarding revenue and SDE.

-Prospective buyers should request 3 year of tax returns and income statement.

Is this a target acquisition in our minds?

-Need more info to say for sure.

-While this is a competitive industry, Homechow is the only company in the space with a patented hot food self-service kiosk, the first of its kind.

Is this a business a new owner could take over?

-Yes, this business would be absentee, and ideal for a first-time entrepreneur. 

-No additional cost is associated after an owner buys the non-operational franchising partnership business.

-Homechow handles everything from A-Z; including the stocking of the fresh hot meals out of kitchens daily, and all maintenance of the unit, and even marketing.

-Owner will cash out sales electronically on the app, a passive revenue business.

Key Learnings: Franchise agreements, business financials.

Smart Home and Commercial Electronic Systems Integrator

Location: Walled Lake, MI

Asking Price: $475,000

Year Established: 2001

Inventory: n/a

12 Month Revenue: $1,064,930

12 Month Flow: $163,730

Monthly Revenue: $88,744

Monthly Flow: $13,644

FF&E: n/a

Services: Technology solutions provider dedicated to enhancing the lifestyles of homeowners and optimizing business operations.

Reason for Selling: Retirement 

Financial Review & Analysis

-Business is priced fairly based on available information.

-Multiples: .44X sales, 2.9x SDE

-Business operated out of a 2,400 sqft facility that includes an office and warehouse. Prospective buyers should check the current lease terms, and make sure there are adequate renewal options.

-Prospective buyers should examine past financials to ensure year-to-year consistency. These businesses often have 1 or 2 large, one-time clients that inflate numbers.

Is this a target acquisition in our minds?

-Yes, this is a target acquisition.

-Long established business with a history of success.

-Competition falls short in terms of both scale and market dominance.

-Company has a solid reputation for adapting to technological advancements.

Is this a business a new owner could take over?

-Yes, this is a solid target for a new entrepreneur. 

-There remains untapped avenues for further business expansion.

-The current owner I willing to negotiate the terms of the transaction, including the possibility of seller financing.

-This business is eligible for financing through the SBA 7a Loan Program.

-Key Learnings: technology trends, payroll, management.

-Current owner is willing to stay on with reduced hours for up to 6 months.

Real Snow Making Business for Events, Movies, TV, Promotions

Location: Lake Geneva, WI

Asking Price: $395,000

Year Established: n/a

Inventory: n/a

12 Month Revenue: n/a

12 Month Flow: n/a

Monthly Revenue: n/a

Monthly Flow: n/a

FF&E: n/a

Services: Snow delivery in any climate

Reason for Selling: Down sizing

Financial Review & Analysis

-More information needed

Is this a target acquisition in our mind?

-financials needed to make determination.

-Business services demand premium rates, ranging from $1,500 to $8,000 per day, excluding labor.

-Purchase includes an extensive set of equipment: The Snowmaker Truck, Sturm’s Cuber Snowmaker Trailer System, Sturm’s SnoFoam Trailer System, 8 different Falling Snow Flaker Machines and more.

Is this a business a new owner could take over?

-Yes, this business is ideal for a new entrepreneur.

-Low cost of entry.

-Key learnings: Snowmaking equipment/trailers, booking events, marketing.

Florida Furniture Store

Location: Broward County, FL

Asking Price: $155,000

Year Established: 2019

Inventory: n/a

12 Month Revenue: $512,000

12 Month Flow: n/a

Monthly Revenue: $42,667

Monthly Flow: n/a

FF&E: n/a

Services: Home improvement, custom designed cabinets & storage solutions

Reason for Selling: New Opportunity

Financial Review & Analysis

-More information required to analyze asking price.

-Prospective buyer(s) should request 3 years of tax returns and financial statements, including year-to-date information.

Is this a target acquisition in our mind?

-More information is needed to make determination.

-Opportunity to own an established business at a low price point, with room to grow.

Is this a business a new owner could take over?

-Yes, this is a good opportunity for a new entrepreneur.

-Key Learnings: Inventory management, management, marketing.

Marijuana Retail Operating Store

Location: Seattle, WA

Asking Price: $1,650,000

Year Established: 2017

Inventory: $150,000

12 Month Revenue: $2,700,000

12 Month Flow: n/a

Monthly Revenue: $225,000

Monthly Flow: n/a

FF&E: $100,000

Services: Marijuana sales

Reason for Selling: n/a

Financial Review & Analysis

-More information needed to make determination.

-Buyers should request and examine at least 3 years of tax returns and income statement, including year-to-date information.

-Prospective buyers should examine business sales trends, as well as industry trends and projections.

Is this a target acquisition in our minds?

-More financial information is needed to make this determination.

-Typically a long licensing/approval process for new owner(s).

-Potential for new operator to upgrade and expand social media and online presence.

Is this a business a new owner could take over?

-Yes, but this is more technical than most listings.

-Key learnings: Cannabis products, inventory management, licensing and state regulations, payroll.