Listing Number: 76931-910234
Description
This acquisition opportunity is for the top-rated home repair and renovation business in the surrounding area. Led by a single business owner, the company has been in business for 40 years and is the “name to know” in the community. It specializes in the residential remodeling market with the capability to complete interior and exterior projects, including room remodels, concrete patios, painting, sheetrock, and everything in between, as well as handyman and repair work. With experience completing remodeling construction projects up to $165,000 in value, Seller takes pride in providing timely, quality work and unparalleled customer service.
Despite his lack of marketing activities, Seller receives several calls per day to do remodeling and repair work for home- and condo-owners – typically repeat customers and referrals – across the area. His role is that of a General Contractor, scoping, bidding and overseeing the work, which is primarily completed by two dedicated subcontractors and, when needed, a network of specialist subcontractors. The business consistently does $200,000 in annual revenues, with spikes from freeze and similar weather events resulting in double and nearly triple those revenues (see 2021, $500,750 in revenues).
The current owner is literally turning down work, including commercial handyman and repair work, having built a business that is overrun with calls and inquiries. Weather events like the one we just experienced create massive demand, making now the ideal time to acquire this business. Seller is ready to retire and to place the business into a safe pair of hands with an extended transition for his loyal clientele.
Listing Details
- Price: $299,000
- Down Payment: $299,000
- Sellers Discretionary Earnings: $111,239
- Total Sales: $183,094
- Location: Galveston County, Texas
- Inventory: $0
- FF&E: $5,310
- Employees: 2
- Year Established: 1985
- Reason for Selling: Retirement
- Category: Construction
