Business Overview:
Estimated Down Payment: $47,500 (25% of Asking Price)
Started in 2008, the business has grown to be a highly successful deck and patio washing, staining and sealing servicer operating in the Tri-City area of Illinois about 40 miles west of Chicago. Owned and operated out of the founder’s own home, the company does not require a storefront to operate and has experienced sharp revenue growth in recent years.
While COVID devastated many sectors of the economy, the business was able to weather the storm and post record revenue numbers in 2020. Driven in part by many customers spending more time at home, the company’s yearly revenue grew 38% in 2020. In addition, the company has averaged year-over-year growth of nearly 50% in the past 4 years.
It is the ideal business for an investor-owner keen on purchasing a niche home service provider that is well-trusted and ripe for expansion.
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Property Features and Assets:
The business does not require a physical location: the founder has been running it from home since its inception. The company is based in St Charles, IL and operates in the Tri-City area, encompassing the towns of Elgin, Aurora, and others. The business is able to house all of the equipment necessary for the job in the work van that it owns.
Market Competition and Expansion:
The business has built a good name in a highly specialized area. This leads to signing contracts for over 80% of its estimates, and about half of its customers being recurring ones. This allows them to book most of their summer calendar by the end of June.
The business can leverage its brand to expand both its coverage area and its service offerings. The Tri-City cluster of far-out Chicago suburbs is ripe for an expansion into areas both closer to and farther from the large metropolitan area. Additionally the company can work toward offering winter services for reduced seasonality and/or additional related services in the warmer months.
Reason for Selling:
Moving careers
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.
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