In this episode the hosts analyze a Maine shed and garage construction business generating $840K in cash flow, but ultimately reject the deal due to heavy owner dependence, limited growth potential, and questionable transferability.

Business Listing – https://www.bizbuysell.com/business-opportunity/shed-and-garage-construction-business-central-maine/2364392/

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This week the hosts review a shed and garage construction business in central Maine with $3.1M in revenue and $840K in seller’s discretionary earnings, listed for $3.2M. Founded in the early 1980s and employing nine staff, the business specializes in custom sheds and garages for local homeowners. The seller cites retirement as the reason for exit, and the operation runs from a leased 6,000 sq. ft. facility with relatively low overhead.

Key Highlights:
- The business is listed for $3.2 million and generates approximately $840,000 in seller’s discretionary earnings on about $3.1 million in annual revenue.
- The company operates with nine employees and serves a small regional market in central Maine with limited population growth.
- A major concern is that the business appears to rely heavily on the owner’s personal relationships, reputation, and hands-on involvement.
- Financing the acquisition would likely require conservative leverage due to uncertainty around customer retention and seasonal demand.
- All three hosts ultimately gave the deal a unanimous thumbs-down, concluding that the buyer would likely be purchasing a job rather than a scalable business.

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