20-year Reno Service Business, Owner Retiring

Reno, NV (Washoe County)

Seller Financing Available
20-year Reno Service Business, Owner Retiring

Asking Price:$1,000,000

Cash Flow:$313,851

Gross Revenue:$986,679

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1995

20-year Reno Service Business, Owner Retiring

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Business Description

This is a rare opportunity to acquire a fire protection services company that has set the standard in Northern Nevada for professionalism and quality. One of the current owners has been a member of the National Association of Fire Equipment distributors (NAFED) for over 35 years and has an outstanding reputation in the industry. No one in the area offers the full fire protection package from hood cleaning to fire system servicing, installation, and repair. Clients are typically so happy with the services they receive that they quickly hire this company to handle all of their fire protection needs.
One of the greatest benefits of owning this business is the recurring revenue. Restaurants and other businesses are required by law to routinely inspect, maintain, service, and repair fire systems throughout the year. Clients simply schedule recurring appointments year after year, resulting in easy, recurring sales.
The current owners only have to work part time with high level tasks and oversight while the company runs itself in the background. Staffing levels have been set so that the business can significantly increase in sales with minimal increases in operating expenditures. There are no clients that represent more than 7% of revenue, so there is no threat to the business if a particular client is lost. A motivated new owner could easily capitalize on growth opportunities and expand this company rapidly. New owners could step in and immediately enjoy continued growth and profitability. Financing via a Small Business Administration acquisition loan (SBA 7a loan) for as little as 15% down of the acquisition price is possible. Don't miss this opportunity to own a quality, reputable business with a bright future!

Detailed Information

Facilities:
Leased building
Competition:
There are no other full service fire protection and hood cleaning companies in Nevada and Northern California that offer the same level of professionalism and quality services.
Growth & Expansion:
Rapid growth could be achieved by targeting mining operations in Nevada with little time and capital expenditures. New owners could also reach into the Las Vegas market and target larger casinos. By acquiring additional licensing, the company could easily expand into sprinkler and alarm systems to round out the total fire protection package. There is plenty of room to continue year-over-year growth just by running the operation as it is currently running.
Financing:
all cash or terms acceptable to seller
Support & Training:
2 weeks. One owner with a contracting license is willing to negotiate a consulting contract to ease the transition into the business until the new owner can acquire their own license
Reason for Selling:
Retirement

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Bradley Bottoset

Business Listed By:
Bradley Bottoset

The Liberty Group of Nevada

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