Business Overview:
• This incredible business has serviced some of the most predominant property management companies in Orange County for over 30 years! The seller supervises and bids, 3 qualified employees work in the company doing the labor. This company performs general repairs, and the seller holds the license.
• 4 Vehicles are included.
• Some of the repairs include replacing doors, repairing wood rot, stucco damage, paint, removing graffiti, drywall, and general repairs.
• The seller is looking to retire but is open to a reasonable transition.
• SDE is based on cash flow including the add back of the sellers W2. $375,000 Net is verifiable.
• Asking Price of $825,000 is without the receivables. Current receivables are $75,000.
• Consistent revenue through COVID.
o 2022 GROSS REVENUE $ 847,560
o 2021 GROSS REVENUE $ 840,344
o 2020 GROSS REVENUE $ 785,454
o 2019 GROSS REVENUE $ 757,267
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Property Features and Assets:
Home-Based business. Off-site storage facility rented for inventory and supplies ($520 p/m) 2 additional parking spaces rented for work vehicle storage ($140 p/m for both). (Home Based)
Market Competition and Expansion:
There is a huge opportunity to grow the revenue within the current customer base. The business is limited by the number of employees and the work they can accept. The properties are getting older and are requiring more work to be done. Hiring more labor would allow the company to grow.
Reason for Selling:
Retirement
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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