Business Overview:
Established in 1964, this company is one of the largest independently-owned pest control businesses in its market area. Total revenues exceed $700,000 per year. Recurring revenues are just under $450,000 per year. (Some accounts have been with the company for over 30 years.) About 80% of work is residential 20% commercial. The company has over 3,250 current accounts. Much, if not most, of its non-recurring revenue comes from long-established referral sources - real estate agents, lenders, mortgage brokers, settlement attorneys, etc. All technicians are registered or certified. There is almost no employee turnover; average employee tenure with the company is 15 years.
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Property Features and Assets:
The company leases a 1,500 square feet (on 2 floors, plus a basement) commercially-zoned house located on an approximately 5,650 square feet lot with room to park 10-12 vehicles. The house is owned by the company president. The property is available to purchase for $375,000 in addition to the business purchase price or for rent at $2,000 per month, including real estate taxes and property insurance.
Market Competition and Expansion:
The company has maintained its revenue and client base through the recession with very little marketing and no pro-active sales effort. With a modest sales and marketing campaign, new management could easily leverage this company's extraordinary 47-year track record of sterling performance into a much larger company.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: