Growing Handyman & Remodeling W/Backlog

Washington County, AR

Growing Handyman & Remodeling W/Backlog

Asking Price:$425,000

Cash Flow:$155,295

Gross Revenue:$947,339

EBITDA:N/A

FF&E:$62,965

Inventory:N/A

Real Estate:$200,000*

Established:1998

*not included in asking price.

Growing Handyman & Remodeling W/Backlog

Get Financing Save Print Share Valuation Report

Business Description

Under Contract | Scheduled Closing December 12th

This is a well organized and operated business dominating a growth industry in one of America's top growth markets. They have an excellent reputation well documented by social media and numerous awards over many years from a variety of organizations. The repeat business is currently documented to be at 55%. There are well established procedures in place, computer programs and excellent records for tracking, planning and running the business efficiently. A truly excellent foundation and cash flow to build on.

All trades people bid their own jobs and obtain all of their own material to complete each job. The franchisor has added optional services and procedure tweaks that may increase efficiencies and profitability when instituted by increasing sales and reducing labor cost.

AEGIS works with several Commercial and SBA Lenders should you need assistance in obtaining a loan for the purchase of this business. The business should be eligible fro an SBA Express loan at 5.5% with a 10 year amortization. If real estate is purchased with the business the rate may lower and the term lengthen. The franchise agreement transfers with the sale and is in effect until 2025.

The broker is an SBA/SCORE Certified Mentor and will assist in developing transition plans.

Comprehensive Confidential Business Report and meetings with the seller are available.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
3-FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The office facilities are top notch, well laid out and centrally located in the two developed counties of operation. Existing office and staff has the capacity for expansion into the three undeveloped counties. Equipment is all current (much of which is less than 1 year old) and in top operating condition. The office floor plan is efficient providing good working conditions for office staff, training area for trades people and three private offices. There is a separate workshop and extra acreage. The sellers are open to a long term lease, lease/purchase or purchase of the real estate. Large lot in commercial area with plenty of room for growth.
Competition:
This company dominates the residential market in the two counties they have developed over the past ten years. They continue to win awards as best of the best and the client comments are tops.
Growth & Expansion:
Preliminary figures for the first half of 2016 indicate a 10-15% increase in sales over the same period last year most of which is going directly to the bottom line. These figures will be available during the first meeting. NOTE: (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The LIRA anticipates growth in home improvement and repair expenditures will reach 8.0% by the start of 2017, well in excess of its 4.9% historical average. Report details available at first meeting with sellers.
Support & Training:
There will be training from the Franchisor both online and at their facility. The owners will also provide an additional training to familiarize buyer with local operation, staff, vendors, etc. The office staff and many of the trades people have been in place for a long period of time, require a minimal of supervision and expected to stay on. The sellers have developed a marketing developing the commercial market and the three remaining counties where they have very limited market penetration.. The business broker is a certified SBA/SCORE Mentor and will provide mentoring for the first year at no cost to the buyer..
Reason for Selling:
Beginning of Personal Burn-Out - Will Sign Non-Compete
Franchise:
This business is an established franchise

Listing Statistics for Premium Members

Ad#:1274699 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Richard Roberts

Business Listed By:
Richard Roberts

AEGIS Business Brokers

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

Find out more...

Get more details about this business.


Similar Listings