Franchise Home Repair Business
Somerset County, NJ
Absolutely wonderful franchise business opportunity with a gross income of $598,252 and a yearly net income of $112,000. Unlike Angie’s List company, this franchise takes the referral one step further, they are compensated to actually coordinate the work to be completed. No experience is required to manage this highly popular National franchise business which supplies general contractors for home repair and commercial maintenance needs. They employ and subcontract skilled craftsmen such as plumbers, electricians, landscapers, and carpenters, all of whom are pre-screened and certified. New home construction remains slow, however the remodeling and repair industry business is booming. Recent National Residential Remodeling Index (RRI) reports show steady remodeling growth at 4% annually in 359 of 381 metropolitan areas in the United States. With this franchise you quickly become a licensed general contractor so you can tap into the much larger $150 billion residential repair, remolding and restoration industry. Home owners and small businesses will turn to you for profitable, repair, remodeling and improvement projects. Unlike other handyman only businesses, with this franchise you can build a real business – with a dependable future. Providing handyman and contractor services gives this franchise owner the best of both worlds. During the 2014 calendar year, the average franchisee gross sales ranged from $412,607 to $618,585 with an average project size of $1,629 and an average gross margin per project of approximately 65.80%. The company was established in 2002 as a full service general contractor specializing in all forms of home improvement and maintenance. Each craftsman must pass random drug screenings and criminal background checks to ensure the integrity of their staff and the safety of their customers. They focus on customer satisfaction by delivering honest, professional craftsmen, who have undergone training in quality customer service, to address the needs of their customers. One of the biggest advantages of using this franchise organization is the peace of mind you'll have knowing that they are not a 'fly-by-night' contractor rather a local dependable company. They show up to do the work when they say and will work on the project until it's completed to the customer satisfaction. Their professionals staff work quickly and efficiently and are trained to display quality workmanship and attention to detail. They arrive on time in clearly marked vehicles, prepared to service all of your home improvement needs. You can trust a professional handyman with a comfort that comes from knowing your improvement projects will be prioritized and completed to your total satisfaction. Customer satisfaction is their top priority, and they warranty all of their workmanship for a full year, they do it all and there's no job too small! Homeowners continue to have full trust with this franchise for all their plumbing needs. Their certified and insured plumbers install, repair, and replace faucets, sinks, toilets, garbage disposals, water heaters, and more. They also offer a fiber optic camera pipe inspection! Whether you're planning a kitchen or bath remodel or need a whole house re-pipe, they will provide their customers with the absolute best possible plumbing service. Their professionally certified and insured electricians install, connect, test, and maintain a variety of electrical systems. Whether you need a ceiling fan or outlets installed or a breaker box replaced, we've got you covered. Their work is guaranteed for a full year, so you can be sure to obtain the best possible service in the home improvement and repair industry. From helping you pick out the perfect color, if you haven't already, to advising on the many different paint types and finishes, their insured professional painters have the knowledge and skill to provide their customers with the best possible painting service in the industry. Whether interior or exterior, walls, crown molding, or even floors, they got you covered and their quality workmanship is guaranteed for a full year. Full service general contractor franchise specializing in all forms of home improvement and maintenance. The assets of this business transaction has an estimated value of approximately $125,000 and consists of a fully equipped operation which includes displays, POS & accounting system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The company has six full time employees who are unaware of the pending sale and fully expected to remain post-closing and the monthly payroll is approximately $18,500. The sale includes an assignable commercial lease which expires 2018-01-01 plus additional options, with a monthly rent of approximately $1,300 and rent security $1,300. The business facility is located in a commercial mall on an active county road with a private entrances and has capacity for fifteen customers. The business location has appropriate private parking at the facilities which is part of the commercial lease agreement. The business is active based on a five-day work schedule with hours from 8:00 am to 4:30 pm, however the new operator can further increase sales based on a six-day operation. This business transaction does not require any specific government license, a basic state license is required to operate, the sale includes, franchise approval, the required certificate of occupancy from the particular municipality and any other required city licenses to conduct its day today business. The customer base represents the general public and none of the base customers represents more than 1% of the business income. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return, the first year, to the owner operator prior to debt service. A snapshot of the firm’s recent revenue history is as follows: 2014 $623,769.27. The company’s 2014 net yearly income was $110,965 based with an onsite / owner operator and prior to any debt service and after a 6% franchise fee. The 2015 gross income was $598,252 and a net yearly income of $112,000. The business has been valued at $220,000 based on a multiple of the net yearly income along with the value of the specific business assets and bank & owner financing can be considered to a qualified buyer with the appropriate down payment, collateral and credit rating. Inventory dollar for dollar. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.