Business Overview

This is a 28 year Handyman service company that does Carpentry, Electrical, Plumbing, Painting, Ceramic tile, as well as siding and windows, and complete bathroom remodels. They have 15+ 1099 employees that work for the company and do great work. The nice thing is no job is too small, and all jobs are priced by the job, not by the hour. Every tradesmen is insured and bonded and has been in the trades for 20+ years. The main area of service is the western suburbs. The company has an A+ rating with the Better Business Bureau and has received 9 Super Service Awards from Angie’s List.

Financial

  • Asking Price: $165,000
  • Cash Flow: $112,000
  • Gross Revenue: $420,000
  • EBITDA: $120,000
  • FF&E: $15,000
  • Inventory: $10,000
  • Inventory Included: N/A
  • Established: 1994

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:300
  • Lot Size:N/A
  • Total Number of Employees:1
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This Remodeler has 300 sq ft of leased space for the office. The company does written Estimates and guarantees all work 100%. No job is too small as all the men will do the Honey to do list and get it done! This is a wonderful company to add to existing company or to get into the business with repeat customers.

Is Support & Training Included:

The seller will train on all aspects of the business for up to 80 hours/Two weeks goes with the sale.

Purpose For Selling:

To Retire

Pros and Cons:

After 28+ Years with great reviews and service and repeat customers is miles ahead of any competition.

Opportunities and Growth:

In any business ADVERTISING is key to growth, Fliers, Coupons and ads always brings in new clients. The more advertising the business opportunities are available.

Additional Info

The business was established in 1994, making the business 28 years old.
The transaction won't include inventory valued at $10,000*, which ins't included in the asking price.

The business has 1FT & 1FT employees and resides in a building with approx. square footage of 300 sq ft.
The property is leased by the company for $340 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell businesses. However, the true reason and the one they tell you may be 2 completely different things. For instance, they might claim "I have a lot of other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in earnings, or an array of other reasons. This is why it is very essential that you not rely completely on a seller's word, but rather, make use of the vendor's solution in conjunction with your general due diligence. This will repaint a much more practical picture of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover things like inventory, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that profit margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area attract new customers? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Specific variables such as brand-new competitors sprouting up around the area, roadway building, and staff turn over can affect repeat consumers and negatively affect future revenues. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the edge of town? Just how might the regional average household earnings impact future income prospects?