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Business For Sale
REAL ESTATE SUPPLEMENTARY SERVICE COMPANY
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Asking Price: |
$75,000
USD USA Dollars
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Business for Sale Industry: |
Services: Real Estate
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Reason for Selling:
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Owner wants to go back to school and get a MBA |
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Yearly Revenues:
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$143,000 |
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Yearly Cash Flow:
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$50,925 |
Business for Sale Overview:
This is a long established company in the supplementary services (i.e. survey, inspection, assessment reporting, etc.) segment of the real estate industry. Due to high confidentiality concerns, specific business nature will be disclosed only to qualified buyers.
They are one of the most reputable companies in their niche in the State of Hawaii and certainly on the Big Island. Over the past several years, the owner of this business has developed relationships with a number of highly valuable and extremely difficult to obtain contracts, including banks, contractors, some of the top realtors and more. The result has been a sustainable business that should be here for decades to come, regardless of the fluctuations in the real estate industry.
No state licensing is required, but a basic understanding of the real estate and construction industry are valuable and usually expected by clients. The current owner, as an expert in the field, will do an initial 80 hours of training to familiarize the buyer with the operational aspects of the business. In addition, the current owner is willing to work with the new buyer thereafter to make sure the new buyer is fully trained and acquainted with all clientele to help the company continue to flourish.
Currently, the owner works this company very part time, and a new owner could significantly increase cash flows by working more hours. However, as it is, the owner is able to earn a decent cash flow working 10-20 hours per week and taking 2-3 months of vacation per year.
If you desire to control your own time and have a nice quality of life through owning a stable, strong company with significant goodwill and have a background in the real estate/construction related industries, this may be a perfect opportunity for you!
Market Competition and Expansion:
Due to their unsurpassed reputation for excellence and timeliness of service, this business has had a growing client and referral base from day one. However, this was not accomplished without the grueling efforts of the owner of soliciting and then building solid relationships with their current referral source.
Supplementing their ability to grow through word of mouth and direct solicitation of referral base, this company also boasts a solid web presence with an informative, easy to find, and sale effective web site. They also use some traditional methods of marketing, such as yellow pages, and brochure advertising in industry associated locations
Competition:
In terms of competition, this company has historically stood out as a top player on the Big Island. Their solid marketing efforts, coupled with excellent service and reputation has earned the trust of somewhat exclusive referrals. They have proven to be willing to go the extra mile for the customer, and have even implemented new supplementary services to their company to accommodate the special needs of certain customers, that other companies have historically failed at accomplishing.
In terms of competitor specifics, there are a number of companies in the industry, and it is somewhat segmented. There are a few primary players, and this company has sustainable competitive advantages over each one. It is not a fierce competitive environment and the two major players operate more or less on a playing field based upon the Aloha mentality.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner may be willing to work for 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.
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