Profitable Inspection, Repair & Installation Service Business
Asking Price: $ 2,600,000
Cash Flow: $ 878,477
Gross Revenue: $ 2,621,142
Business Description: The business is a niche service provider of commercial and municipal building installations, services, repairs, inspections and parts. Based on a foundation of outstanding service quality, the Company’s rapid expansion is primed to continue in the coming years. The Company enjoys recurring revenue with most clients while regularly adding on new clients. In many counties, the Business has multi-year contracts. The performance boasts diversified services and revenue streams (inspections, repair, installations, and parts). Also, the Company is an exclusive service provider for the primary industry manufacturer in the two largest states it serves. Location: The Business is headquartered in a convenient central Middle TN location. The Business serves 7 Mid South States with great upside potential to penetrate those markets more fully and to expand beyond that territory with a new owner. The HQ could be relocated. Number of Years in Business: The business has been in operation for over a decade. Staff: Sales Leader, Operations/Financial Manager, Assistant Manager, Office Manager, Project Manager plus many trained and certified technicians and service professionals who are experts in their industry. Staff members are long term and loyal. Fixed Assets: Everything you need to run the business and office is included with the sale. Several vans, trucks, a lift trailer, tools and office equipment valued ~$75,000 -$100,000. Inventory: ~$4,000 (included in asking price) Property: Headquarters is located in ~1,500 square feet of 50/50 office/warehouse in great location with reasonable lease (just $100/month increase per year). Lease expires in late 2019. The location could be relocated. Hours of Operation: Monday-Friday. Some flex hours. Hours of operations could be expanded with additional staff. Growth Opportunity: Continue penetrating markets. Expansion to other states. Continue to grow related products. Competition: Unique Business Model not used by others in the industry. This business is customer service first whereas their competition operates more like contractors. The Company has distributor rights with all brands enabling them to work with all client’s specific product requests. Additionally, the Business is the exclusive provider of all service, repair and parts of the world’s leading provider of this niche industry in its primary states. Seller Financing: The owners will consider providing up to 10% Seller Financing for a qualified Buyer at their discretion depending on overall price and terms on an offer. Training and Transition: The partners are willing to stay on and provide all reasonable training and transition. One partner is open to discussing staying on as a minority partner or in a short, medium- or long-term consulting or employment arrangement. Reason for Sale: One of the Partners is ready to retire ******************************* Financial Highlights from Projected 2018 P&L Asking Price: $ 2,600,000 (includes FF&E and inventory) Gross Sales: $2,6000,000+ (based on YTD 2018 P&L and projections) Cash Flow: $800,000 -$900,000 (depending on owner operator or owner absentee) FF&E: $75,000 – $100,000 (included in purchase price) Note that the Confidential Profile should only be shared with screened Buyers who have at least $780,000 to put down on the business before any bank financing or seller financing. Additionally, the ideal Buyer will have some construction or sales experience and will have a net worth of $1.5 million or more, ideally with equity in real estate and liquid assets after the down payment of ~$ 1 million or greater.