Handyman Services in Twin Cities

Not Disclosed, MN

Twin Cities Metro


Asking Price: Annual Revenue:
$280,000 $273,449

Services: Home Improvement, Repair, Painting


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RE: Handyman Services in Twin Cities Broker: young bebus

Quick Facts

Asking Price: $280,000
Annual Revenue: $273,449
Net Profit: Not Disclosed
Cash Flow: $181,000
Total Debt: Not Disclosed
FF&E: $53,500
Real Estate: Not Disclosed
Year Established: 1998
Employees: 2
BBN Listing #: 439855277
Broker Reference #: 1523050-YB

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Business Overview:

This long standing and profitable handyman business for 2 decades provides home improvement and repair services to residential homes and property managers in the Twin Cities, Minnesota. Owner has Residential Building Contractor's license by DOLI (Department of Labor and Industry), is ensured and bonded, and willing to remain employed for a while to help new owner's transition upon agreed terms and conditions.

This business has sterling reputation with value driven culture of strong customer service, A+ BBB ratings, numerous reviews, premium rate structure, qualification to perform contract work for Lowes and Home Depot, strategic contractors for heating and plumbing work, clean books and records including operating manuals and contracts.

There were up to 7 sub-contract technicians and 2 administrative staff at one point but owner re-structured the business to one person operation with contract support and updated pricing to yield better cash flow during last a few years and has had a good success.

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Property Features and Assets:

Tools and equipment included. Maintenance Truck valued at $43,500 in excellent condition is included in the sale price. For buyers who opt not to purchase the truck, sale price is $236,500.

Market Competition and Expansion:

For a new owner, pricing and earnings support good salary, ability to hire another technician up to 30 hours or more at a market rate, and cover potential debt service. Business operating manuals, communication system, books and documents are set up for expansion and hiring of additional staff technicians or sub-contractors. For strategic buyers who need market share in MN, ongoing volume of inquiries produced based on this business' reputation and reviews are perfect opportunity to expand geographically.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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