Business Overview:
Sagging walkways and cracked foundations prohibit the selling, and in some cases even the refinancing, of homes. Property foreclosures require rehabbing, many to FHA standards, before the banks can place them on the market. Foreclosures are at an all-time high and banks are desperate to get these properties on the market ASAP. Sales have grown by more 20% since 2008, cash flow has grown by nearly 80% and they haven’t even begun to develop the potential for this foreclosure market! This is a turn-key opportunity to own an established, growing, money-making, large protected territory with all of the necessary equipment and experienced employees. If you’ve been looking at business listings, you know that very few businesses are actually strong enough to be pre-approved for an acquisition loan. A lender must thoroughly review the financial performance of the business and be convinced that a buyer would be successful under current and likely future conditions. Please keep in mind that lenders will not pre-approve a business for SBA financing unless it demonstrates a proven ability to service debt and provide a reasonable income for the owner. The ability to simply service debt (or "pay for itself") alone isn't sufficient, lenders know that the buyer's enthusiasm and energy will also be required and that isn't likely unless the business is also capable of providing a good income to the buyer. General Information Facilities: This business currently operates out of commercial space, where equipment & supplies are stored. There are no storefront requirements, industrial/warehouse space is sufficient! The currently used 800 to 1,000 sq. ft. space is rented and the lease would be renewed in August 2012. The current rent is $910/mo (gross). Competition: The franchise enjoys a very large protected territory. The equipment employed is unique and proprietary. Unlike traditional methods of concrete repair which are expensive and unsightly, this franchise has a national reputation for providing a cost-effective and attractive repair solutions and they have the expertise to tackle a wide variety of repairs. Growth and Expansion: “REHAB”, “REHAB”! There will always be a market for leveling concrete surfaces. Communities everywhere are plagued with jagged sidewalks, uneven steps, and sunken driveways. In addition, the franchise handles sunken foundations, bowed basement walls and leaning chimneys. The ability of the business to THRIVE in a lackluster economy speaks for itself! Support/Training: Ownership includes comprehensive training at franchisor's headquarters. They follow up by visiting your territory to assist you with marketing, administrative, and field operations. A construction background can prove helpful; however, the training is designed for everyone. In addition, the current owner is offering up to 2 weeks of additional on-site training.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Death & family issues
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 a franchise resale opportunity.