GC Management Of Tenant Buildout

Business Overview:

This remotely operated commercial remodel and renovation business is working for repeat, long tenured clients across the United States, such as Leslie Pools and Michaels! Established in 1993, they have high levels of repeat customers and referral-based work. There is a strong backlog for 2024 and there is no self-performing labor! With their clients and contractors across the country, they utilize a vetted group of regional contractors that they have had for many tenured years. This business is fully relocatable and can be managed from anywhere, the owner handles project oversite and client relations. The seller is looking to retire, but to make the transition process as easy as possible, he has offered a training period of up to 1 year for a new owner, plus he is willing to carry a 15% promissory note. The W2 staff consists of 1 office administrator and 1 supervisor. Although there is no inventory to manage, the seller does have equipment and vehicles used for minor alterations – these assets have been valued at $192,527 resulting in a very low capex! Priced at $1,495,000, a 10% down payment of $149,500 returns $329,889 in the first year after debt payments! A 220% return!

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Property Features and Assets:

 Equipment & Auto: $192,527 making a very low capex!

Market Competition and Expansion:

Expand online presence/marketing – none currently being done; work with GC’s/property managers to pick up more jobs and maintenance contracts

Reason for Selling:

Retirement planning

Additional Details:

Documents:

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