MergerPlace

Profitable Property Maintenance

Idaho (Ada)


  • Asking Price: $497,000
  • Gross Income: $1,053,488
  • Cash Flow: $199,896
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $87,947
  • Listing ID: #210794
  • Established: 2007
  • Employees: 11 FT / 2 PT

Business Description

If you have business management experience, strong leadership abilities, operational skills and want a profitable established business, then keep reading. The seller is willing to provide transition guidance to help new owner succeed.

While having a background and good understanding of the construction trades is helpful, it is not required. A good candidate will have knowledge and experience in preparing cost estimates and working with sub-contractors.

The company has provided reliable and high-quality building maintenance services since 2007. The business grew as a result of local demand from property management firms that needed competent building maintenance service. The company has 12 employees serving the needs of several property management firms.

The owner's time is spent inspecting work progress, answering questions, talking with customers, developing new business, preparing bids and following up.

Specifically, services include:
Remodeling
Maintenance and repair for real estate properties
Landscape maintenance
Handyman repairs
Cleaning and Janitorial
Tenant Improvements and build-outs for commercial space


Business Details

Primary Business Category: Contractors - Special Trade
Location: Idaho
County: Ada

Company Information

Year Established: 2007
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 11 FT / 2 PT

Financial Information

Asking Price: $497,000
Gross Revenue: $1,053,488
Cash Flow: $199,896
FF&E: $87,947
Seller Financing Available: Yes

Property Information

Facilities:

The business operates from a small office/warehouse. Employees meet here each morning before heading out to the various job sites. The property is leased for $675 per month on a Modified Gross Lease. Additional Common Area Maintenance costs include: snow removal, water, sewer, utilities, maintenance and repairs. The current lease expires July 31, 2019. It is anticipated that the landlord would provide a lease of similar terms to a new owner.

Growth & expansion opportunities:

The value of US new public and private construction spending, a major indicator for specialty contractor demand, is forecast to grow at an annual compounded rate of 7% between 2018 and 2022 according to First Research report published in September 2018. The subject company is growing faster than the forecast due to its “niche” in the local market, increased demand for specialty contractor/handyman services, and excellent customer service. The owner states that simply by returning phone calls and emails from interested prospects, business demand has grown. By following good customer service practices, the company has grown astronomically without spending dollars on advertising.

Competition:

Increased revenue growth could be obtained through adding a sales person to follow up on leads from other property management firms, commercial real estate brokers, and property owners. Additionally, the owner believes that adding an Operations Manager would provide the needed infrastructure to add more clients, and employees, to drive new growth. Advantages The Company is very organized and efficient in handling work orders and response time is very good. Management makes it a practice to return all calls quickly even when turning down a job. There is strong customer loyalty and repeat business. The company’s clients are growing and adding new properties to their portfolios which drives increased work. Challenges The current unemployment rate is low especially in the specialty trades. However, the company has not experienced a higher than normal challenge in finding and retaining quality employees to handle the current customer base. This is likely due to the company providing a good wage and working conditions

Reason for selling:

For everything there is a season which includes the time to sell or buy a business and the seller is ready for the next chapter. The seller achieved a dream by starting and growing the company from a small sole proprietorship to a flourishing, profitable small business. This was an important goal that has been achieved and now is the time to travel and spend time with family. Seller will sign a non-compete agreement with a new owner.

Support & Training:

Will train for 4 weeks @ $0 cost. The company holds a general contractor's license. Seller will assist in transferring/establishing appropriate licensing for new owner. Obtaining contractor's license is not difficult. There are no education, experience, or examination requirements that must be met for registration. Contractors must submit specific information including appropriate liability/casualty insurance to become registered to do business.

Contact Business Seller

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Business Listed By:

Sheila Spangler

Murphy Business Brokers