Listing ID: 66922
Business Overview
Looking for a recession-resistant business?
When homes are selling, repairs become a necessity for the sellers to maximize their selling price.
In a slow market, homeowners are keeping their homes maintained making this business a year-round business through any economy.
A market study of zip code 97214 showed that over 65% of the homes in this zip code (SE Portland) were built before 1939. It would make sense that a small handyman or restoration business would be a wise business to be in right now.
This business is a professional home repair service. OWNERS DO NOT DO THE HANDYMAN WORK AND YOU DO NOT NEED TO BE HANDY.
Financial
- Asking Price: $120,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Home Based Business
1-2 month program: to include 5 days of training at home office, 3 days regional training with existing owner, on-site visit within the first six-eight weeks after you open. Continuing support: Dedicated Franchise Consultant, field visits, continual phone support, intranet website, ongoing training, conference calls, webinars, regional and national meetings. Branded vehicles Professional image and uniforms All work guaranteed Attention to customer service 25+ years history (training, operations, marketing, on-going support) Team Website
Area has a high percentage (65%) of homes older than 78 years Busy families, baby boomers, and seniors don’t want to spend precious time on fix-it chores around the house. Quality work completed on time and done right.
Additional Info
The business was started in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell companies. However, the genuine factor and the one they tell you might be 2 totally different things. For instance, they might claim "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competitors, current reduction in revenues, or an array of other factors. This is why it is really important that you not count completely on a vendor's word, but rather, use the seller's solution along with your general due diligence. This will paint an extra sensible picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area attract brand-new customers? Often times, businesses have repeat consumers, which form the core of their daily earnings. Certain factors such as new competitors growing up around the area, roadway construction, as well as employee turn over can affect repeat consumers as well as adversely affect future revenues. One vital thing to think about is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the possibility to construct a returning customer base. A final idea is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? Exactly how might the neighborhood average family earnings effect future revenue potential?
