Profitable, Value Priced Home Inspection Business

Not Disclosed, MI
Kent County

Asking Price: Annual Revenue:
$119,000 $160,000

Services: Non-classifiable

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RE: Profitable, Value Priced Home Inspection Business Broker: Miles Greengard

Quick Facts

Asking Price: $119,000
Annual Revenue: $160,000
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: Not Disclosed
BBN Listing #: 483931216
Broker Reference #: MI1100119

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Business Overview:

It has been a great 15 year run for the owner-operator of this successful West Michigan business doing home inspections, water testing, septic and well flow evaluations, pest inspections and the like. He has now reached a point in his life where he wants to pursue his dream vocation in a totally unrelated, non-competitive endeavor. His decision could be your opportunity.

With no employees and an exclusive West Michigan marketing area of 1,000,000 people, this business has been operated as home-based which can be managed from either the buyer’s home or a small office.

With consistent annual revenues averaging $160,000, the seller feels there are significant untapped growth opportunities and territory expansions which the seller admits to not having pursued. The company generates business from exclusive contracts with a number of local realtors, referrals from satisfied customers, and the company’s website.

Over the past several years, the business has had an average annual SDE (the historical cash flow available to pay an owner-operator and service debt) of $85,000. The business is being offered at the attractive price of $119,000 which is an aggressive 1.3x multiple of the last two years annual $90,000 SDE. The $119,000 price tag includes (a) $10,000 (+) of serviceable equipment; (b) the goodwill of the business; and (c) ample post-close transition training to suit the buyer’s needs. In addition, for a qualified buyer the seller will (a) offer a seller note of 20% of the sale price, and (b) consider non-traditional deals. The seller contemplates an asset sale in which he retains cash and A/R while retiring all liabilities.

To learn more about this unique business opportunity, please contact Miles Greengard or use the email reply button of this ad.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Pursue other opportunities.

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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