Building Maintenance, Service & Repair

Not Disclosed, CA
San Diego County


Asking Price: Annual Revenue:
$995,000 $2,759,488

Services: Non-classifiable


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RE: Building Maintenance, Service & Repair Broker: Marshall Pollock

Quick Facts

Asking Price: $995,000
Annual Revenue: $2,759,488
Net Profit: Not Disclosed
Cash Flow: $269,547
Total Debt: Not Disclosed
FF&E: $31,500
Real Estate: Not Disclosed
Year Established: 2007
Employees: 28
BBN Listing #: 210733008
Broker Reference #: 2401-771491

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Business Overview:

The business was started in 2007 doing janitorial services and has grown into providing onsite maintenance, janitorial and lighting services along with a wide variety of repair work
The primary work is to provide service to Property Management companies as they manage the assets of Home Owner Associations and Condo Associations. While some of the projects are less than $500.00, over the years the business has had many larger projects ranging in size from $10,000.00 - $150.000.000.
The business has steadily grown to nearly $3,000,000.00 per year in revenue with approximately 240 clients.

The business is centrally located and has more than enough room to grow to twice its current size in gross sales. It occupies approximately 2839 square feet of a combination of offices and warehouse. Current base rent is $4,134 per month. The lease expires on December 31, 2020.

The employee work force is typically very stable. 12 of the 28 employees have been with the company over 5 years. The remaining group has about 2 - 3 years of service.

As a licensed B General Contractor, the company works with property management companies in the HOA and COA business to take care of the HOA and COA assets. This includes Maintenance, Janitorial and Lighting contracts. The company bids for Time & Materials projects and quoted projects for special and large projects as they are put out to bid by their clients.

The biggest opportunities for growth will come from continued responsible and accurate relationship building with current clients as well as marketing to new clients.

The company prides its self on doing what is right in all cases. They inspect their quality and correct it as needed, long before their clients see the project in its completed state. They do not like to bid low and then use change orders to increase their revenue. They bid projects honestly and accurately from the start. They always tell the truth whether or not the client want to hear it. They look at their role as the caretakers of the property as if it was their own and not just as another vendor!

The industry is very busy right now. The company works diligently to turn bids in 10 - 14 days and as such the clients come to them in emergency and short-term situations to which they respond in kind proving them something better than the competitors.
Service is the key to this business.

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Property Features and Assets:

The business is centrally located and has more than enough room to grow to twice its current size in gross sales. It occupies approximately 2839 square feet of a combination of offices and warehouse. Current base rent is $4,134 per month. The lease expires on December 31, 2020 The business was started in 2007 doing janitorial services and has grown into providing onsite maintenance, janitorial and lighting services along with a wide variety of repair work. The business has steadily grown to nearly $3,000,000.00 per year in revenue with approximately 240 clients.

Market Competition and Expansion:

The industry is very busy right now. The company works diligently to turn bids in 10 - 14 days and as such the clients come to them in emergency and short-term situations to which they respond in kind proving them something better than the competitors. Service is the key to this business. Potential Growth The biggest opportunities for growth will come from continued responsible and accurate relationship building with current clients as well as marketing to new clients.

Reason for Selling:

Retiring

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.

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