Listing ID: 81577
Growing at incredible pace of 40% per year, this recognized western Chicagoland adjuster/remodeling business has established a strong foundation for future growth for the next owner.
Key Investment Considerations:
* Reputable and licensed insurance claim adjuster that specializes in all exterior remodeling work for residential and commercial clients.
* Connected with an extensive network of qualified contractors to build additional referrals.
* An industry leader since 2013, this business provides an excellent opportunity for further expansion.
Focused on quality materials and the best craftsmanship available, the owners have changed the way consumers purchase exterior remodeling projects. Its reputation over the years has built its success on repeat and referral business.
Seller financing is being offered to qualified buyers.
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Owners established this western Chicagoland suburb business in 2013. Growing at an incredible pace of 40% per year, they have established their firm as an industry leader. Focusing on quality materials and best craftsmanship available, they have built their business on repeat and referral business. The owners have changed the way consumers purchase exterior remodeling projects.
Increase in spending on home improvement activities by rental property owners owing to a surge in rental demand is expected to foster further growth.
Per Global Market Insights (see https://www.gminsights.com/industry-analysis/us-home-remodeling-market), the U.S. Home Remodeling Market size exceeded $340 billion in 2020 and is expected to grow by over 4.1% compound annual growth rate (CAGR) between 2021 and 2027.
Shifting consumer trends toward more advanced home technologies as well as security features followed by several convenient components including weather control appliances, smart lighting, etc., which is likely to cater to the market expansion.
There are over 400,000 remodeling contractors in the U.S. and is continuing to grow. A long-standing management team and key employees are key among those that are in the top decile of firms in this field.
To date, a significant portion of the business has come through repeat customers and referral clients. Upside would include more comprehensive marketing that would include but not be limited to social media and direct mail.
Office suite in commercial building
- Asking Price: $2,250,000
- Cash Flow: $561,959
- Gross Revenue: $3,041,872
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The venture was started in 2013, making the business 9 years old.
The company has 3 employees and resides in a building with approx. square footage of 2,500 sq ft.
The real estate is leased by the business for $1,900 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the genuine reason vs the one they tell you might be 2 absolutely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, current reduction in revenues, or an array of various other factors. This is why it is extremely vital that you not count totally on a seller's word, however rather, utilize the vendor's solution combined with your total due diligence. This will repaint a more reasonable picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that earnings margins are too small. Many businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in new clients? Many times, businesses have repeat clients, which create the core of their daily earnings. Specific variables such as brand-new competition growing up around the area, road construction, and also personnel turnover can influence repeat customers and negatively affect future incomes. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the greater the opportunity to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the neighborhood mean family income influence future revenue potential?