Seller's Contact Information
- RE: Handyman Services In Twin Cities
- Contact: 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 |
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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