Business for Sale Overview:
Founded in 1992 by its current owner and president, this company provides exterior building maintenance services including rain gutter fabrication and installation, gutter cleaning, roofing and other services to the property management industry, builders and other commercial and residential clients. The company has been growing at a rate of about 10% a year and is well known for its quality and service. It expects to reach the $3M sales mark in 2008 and generate a cash flow in excess of $400,000. Over the last few years, management has made a successful effort to increase its property management business and has increased PM sales from 27% of revenues in 2007 to 38% of revenues in 2008. It has achieved this by greater penetration of the market and by expanding the list of services it offers where now the company can offer "one stop shopping" for all exterior maintenance items. Management expects the growth trend for PM business (as well as total revenue growth) to continue into the future. This company has an excellent list of clients, including many of the area's top property management firms, community management firms, multi-unit builders, smaller builders, commercial clients and over 3,000 residential gutter cleaning clients. The company has a stable management structure, with (in addition to the owner) a general manager, an office manager and a production manager.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business leases an approximately 11,000 square feet space used for offices, warehouse and fabrication. The facility is large enough to handle anticipated growth of the company. Base rent is $7,515.33 per month plus the pro-rata share of real estate tax increases. 15 vehicles (most late model) and all fabrication and other equipment are included in the sale on a free and clear basis.
Market Competition and Expansion:
In an industry where many competitors can't even be counted on to show up for an appointment, this company has a reputation for quality and reliability. It has only a tiny share of its market. The company's reputation has allowed for steady growth for the last 4 years; the company does very little marketing and has no dedicated salesperson. Management believes that growth could be greatly accelerated by hiring a salesperson with contacts in the property management industry, by bringing on an additional estimator and increasing advertising for homeowner work.
Reason for Selling:
Other business interests.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.