How to Find Profitable Businesses to Buy: Our Advice from Real Experience
Unlike many who might guess their way through the process, our approach comes from hands-on experience in buying businesses. Over the years, we’ve learned how to pinpoint opportunities with strong growth potential and secure deals that match our strengths. Here’s how we navigate the search effectively:
Research the Market
The first step in any business purchase involves clearly defining the market you want to enter and exploring how you can contribute to the growth of a business in that space. It’s not just about finding something that looks appealing but understanding the current demand, the competition, and where there’s potential to improve.
Let’s consider a market like liquor stores. We always start by asking:
- Market demand: How strong is the need for this product or service? Is it growing or stable?
- Growth potential: Can we expand the business using our skills and resources? Does the market allow room for this?
These questions help us assess whether the business aligns with our goals and expertise.
Understand How Businesses Are Valued in That Market
Every industry values businesses differently, and understanding this is crucial to avoid overpaying. In the case of liquor stores, for example, valuation often centers on inventory size and location. But in other industries, such as subscription-based services, recurring revenue might play a more critical role in determining the business’s value.
Understanding these nuances allows us to gauge whether the price is fair and provides us with a strong negotiating position. Having this knowledge prevents any costly surprises later on and ensures we’re entering into a deal that makes sense financially.
Find the Right Fit for Our Strengths
We’ve learned that finding the right fit often comes down to more than just financials. We always look for businesses where we can apply our strengths to make an immediate impact. For example, if marketing is our strong suit, we might target a liquor store with an excellent location but weak brand visibility. We know we can step in and significantly improve its presence, which could directly result in revenue growth.
We ask ourselves:
- How can we add value?
- What are the areas of the business that are lacking and can benefit from our expertise?
This approach ensures that we aren’t just buying a business but that we’re positioned to grow it in ways that align with our unique strengths.
Direct Approach or Work with a Broker
Choosing between working with a broker or approaching a business owner directly is another critical decision. Brokers can be helpful in navigating the complexities of the buying process, but they often charge a significant commission, sometimes as high as 15%. We’ve found that reaching out directly to business owners often yields better results at a lower cost, especially for small to mid-sized businesses. Many business owners, particularly those not in hyper-growth mode, are often open to the idea of selling when the terms are right.
Bonus Tip: Leverage Market Knowledge
A key part of our approach is tapping into the knowledge of others in the industry. Competitors, suppliers, and other insiders often have invaluable insights into which businesses are considering selling, which ones are struggling, and where there might be hidden opportunities. These conversations give us a head start and allow us to be more strategic in our negotiations.
Profitable Franchise Alert: ScreenMobile of NW Louisiana Could Be Yours!
After using our strategy to identify promising businesses, we’re excited to present ScreenMobile of Northwest Louisiana—a thriving business with endless potential.
This three-year-old business is the go-to solution for homeowners and commercial clients needing custom screen installations, whether it’s for insect screens, solar screens, or screened-in porches. With a mobile service that brings the solution directly to the customer’s door, ScreenMobile of NWLA stands out in the local market for its convenience and customer satisfaction.
Operating as a home-based, turnkey franchise, this business comes with all the tools, materials, and vehicles necessary to begin serving customers immediately. If you’re looking for a profitable, low-overhead business in a growing market, ScreenMobile is a rare opportunity.
Imagine stepping into ownership of a profitable home services franchise, with minimal overhead and high customer demand. ScreenMobile of Northwest Louisiana offers exactly that—a fully equipped, mobile screen installation business that serves both residential and commercial customers in the region.
Launched in 2021, this franchise has already established itself as the leading provider of custom screen solutions in the area, generating $400,000 in annual revenue with a $120,000 profit. With the current owners relocating, the business is ready for a new owner to take the reins and continue its success.
This business is a fantastic opportunity for someone looking to enter the home services industry with a proven business model, an established customer base, and immediate income potential. It’s the perfect fit for someone who wants a home-based business with minimal overhead and significant growth potential.
A Strong Foundation with Ongoing Success
In just three years, ScreenMobile of Northwest Louisiana has become the top provider of screen solutions in the region. From insect screens to solar screens, the business has built a reputation for high-quality service and convenience. The mobile service model is key to its success, allowing technicians to complete jobs directly at the customer’s location, which sets the business apart from traditional competitors.
The home-based nature of this business minimizes overhead costs, contributing to its impressive profit margin of $120,000. Additionally, the business includes all the necessary assets: a fully equipped truck and trailer, stocked with tools and materials, ready for the new owner to hit the ground running.
This is more than just a business—it’s a turnkey opportunity. All operational processes are in place, and the current owners have committed to assisting with the transition, making it easier for the buyer to start managing the business immediately.
Financial Performance and Stability
The numbers speak for themselves. With $400,000 in annual revenue and $120,000 in profit, ScreenMobile of NWLA is a profitable venture. The $360,000 asking price represents an excellent value, considering the stable revenue, strong customer base, and included equipment.
The business's consistent revenue is driven by repeat customers and a growing demand for home improvement services. This financial stability makes ScreenMobile an attractive opportunity for both first-time buyers and seasoned entrepreneurs looking for a business with immediate cash flow and growth potential.
Moreover, the new owner can benefit from established supplier relationships and a solid reputation in the area. Detailed financial records are available for serious inquiries, ensuring full transparency throughout the buying process.
Prime Location in Northwest Louisiana
Located in Bossier City, Louisiana, ScreenMobile is ideally positioned to serve a growing community with a strong demand for home improvement services. The surrounding area includes a mix of residential neighborhoods, commercial properties, and developments that are perfect for the company’s services.
Bossier City and the wider Northwest Louisiana area are experiencing economic growth, which means more homes, more renovations, and more customers needing screen solutions. The business's mobile model allows it to reach customers across the entire region, providing flexibility and scalability for the new owner.
Additionally, the proximity to Bossier Parish offers access to a population that values home improvements, outdoor living spaces, and energy-efficient solutions, all of which are services provided by ScreenMobile.
Opportunities for Growth
While ScreenMobile of NWLA is already successful, there’s ample opportunity for expansion under new ownership. Several strategies can help increase revenue and profitability:
Expanding Services
One way to grow the business is by expanding the range of services offered. Adding options such as patio enclosures, outdoor kitchens, or pergolas can tap into the increasing demand for outdoor living spaces. Expanding into commercial services, such as security screens for office buildings or storefronts, can also open up new revenue streams.
Catering to Builders and Property Managers
Establishing contracts with local builders, developers, and property management companies can provide a steady stream of work. By partnering with real estate professionals, the business can become the go-to solution for screen installations in new constructions and renovated properties.
Marketing and Online Presence
Increasing the business's online presence through targeted digital marketing campaigns can help attract more customers. Leveraging platforms like Google My Business, social media, and online advertising will make ScreenMobile more visible to potential clients searching for home improvement services.
Why ScreenMobile of Northwest Louisiana Is a Smart Investment
For anyone looking to invest in a profitable, established business, ScreenMobile of Northwest Louisiana is a smart choice. With its turnkey operation, home-based model, and immediate revenue potential, this business offers a unique opportunity in the growing home services sector.
The minimal overhead, coupled with a steady stream of income and the flexibility of working from home, makes this business especially attractive to those seeking work-life balance without sacrificing profitability. Additionally, the mobile service model provides a competitive edge over stationary businesses, allowing you to serve a broader customer base across the region.
Whether you’re an experienced entrepreneur looking for your next venture or a first-time buyer ready to step into a thriving business, ScreenMobile of NWLA is positioned for continued success and growth.
Interested buyers can reach out directly to the owner.
>> Contact Seller <<
Don’t miss this opportunity to own a profitable, home-based business with a proven track record in a growing market!
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.jpg)
.webp)
.webp)
