Established and Reputable Handyman Services in Twin Cities

MN (Relocatable)

Handyman, home improvement, repairs
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Asking Price: $280,000

Cash Flow: $181,000

Gross Revenue: $273,449

EBITDA: N/A

FF&E: $53,500

Inventory: N/A

Established: 1998

Established and Reputable Handyman Services in Twin Cities

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Business Description

This long standing and profitable handyman business for 2 decades provides home improvement and repair services to residential homes and property managers in the Twin Cities, Minnesota. Owner has Residential Building Contractor's license by DOLI (Department of Labor and Industry), is ensured and bonded, and willing to remain employed for a while to help new owner's transition upon agreed terms and conditions.

This business has sterling reputation with value driven culture of strong customer service, A+ BBB ratings, numerous reviews, premium rate structure, qualification to perform contract work for Lowes and Home Depot, strategic contractors for heating and plumbing work, clean books and records including operating manuals and contracts.

There were up to 7 sub-contract technicians and 2 administrative staff at one point but owner re-structured the business to one person operation with contract support and updated pricing to yield better cash flow during last a few years and has had a good success.

Maintenance Truck valued at $43,500 is included in the sale price. For buyers who opt not to purchase the truck, sale price is $236,500.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
NA (Home Based)
Growth & Expansion:
For a new owner, pricing and earnings support good salary, ability to hire another technician up to 30 hrs or more at a market rate, and cover potential debt service. Business operating manuals, communication system, books and documents are set up for expansion and hiring of additional staff technicians or sub-contractors. For strategic buyers who need market share in MN, ongoing volume of inquiries produced based on this business' reputation and reviews are perfect opportunity to expand geographically.
Support & Training:
Seller is willing to train for a negotiated period at no cost and willing to remain employed to help with transition for a while upon agreed terms and conditions.
Reason for Selling:
Retirement
Home-Based:
This business is Home-Based
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Young Bebus

Business Listed By:
Young Bebus

VR Business Brokers | Mergers and Acquisition

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