MergerPlace

Snow Removal and Building Maintenance

Minnesota (Rice)


  • Asking Price: $365,000
  • Gross Income: $454,620
  • Cash Flow: $27,687
  • Real Estate: Not Disclosed
  • Inventory: $28,000
  • FF&E: $325,000
  • Listing ID: #209574
  • Established: 1988
  • Employees: 4 FT

Business Description

Well established property maintenance and snow removal business with a loyal clientele built up over 30 years. Business is currently priced close to asset FMV. This business has 4 full time employees and acts primarily as a general contractor during the warm months and primarily as a snow removal company in the winter months. There are many large commercial snow removal clients, in addition, the company has large commercial customers for other building maintenance projects. 75% of revenues are derived from snow removal operations. The company has become a go-to contractor for building maintenance in their area whether it be landscaping, remodels, or maintenance. Sale price includes $335,000 of equipment that is used to conduct all of the operations of the company.


Business Details

Primary Business Category: Services - Other Services
Location: Minnesota
County: Rice

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT

Financial Information

Asking Price: $365,000
Gross Revenue: $454,620
Cash Flow: $27,687
FF&E: $325,000
Inventory: $28,000
Seller Financing Available: Yes

Property Information

Facilities:

This business utilizes approximately 500 sq ft of office space, 560 sq ft of storage space, 3,150 sq ft of shop area and 4,700 sq ft of unconditioned, rain protected storage. The building the business is currently in is available to be leased to the new owner, or to be purchased. The seller is also open to the business moving to a new location.

Growth & expansion opportunities:

Every avenue of construction could be a large growth area with a dedicated sales person to seek out more jobs. Currently, the company does advertising to keep current clients and keep brand recognition strong, but does not strongly pursue new customers other than bidding on government snow plowing contracts.

Competition:

The firm operates in a competitive environment but utilizes its good name and outstanding reputation to keep current clients and attract new ones. This business has a solid reputation as a building contractor and snow removal company that gives it a competitive advantage over its various competitors. Also, this company has achieved an economy of scale that makes it hard for small, start up firms to compete on quality and timeliness of snow removal.

Reason for selling:

Would like to retire due to medical issues.

Support & Training:

Will train for 2 weeks @ $0 cost. This business performs all sorts of general contracting jobs for residential and commercial clients. Also performs snow removal services for residential, commercial and governmental clients. In order to continue the operations as is, a new owner would have to get a general residential building contractor license.

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Business Listed By:

Jacob Petersen

Murphy Business Brokers