Residential Home Up-Keep Services with over 1000 A

Not Disclosed, VA
Spotsylvania County

Northeast Virginia


Asking Price: Annual Revenue:
$1,025,000 $1,341,006

Services: Home Improvement, Repair, Painting


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RE: Residential Home Up-Keep Services with over 1000 A Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $1,025,000 12.5% Buyer Down Payment $128,125 12.5% Seller Financing $128,125 75% Bank Loan $768,750 A 12.5% down payment of $128,125 returns $208,521 in the first year after debt payments!

Quick Facts

Asking Price: $1,025,000
Annual Revenue: $1,341,006
Net Profit: Not Disclosed
Cash Flow: $361,127
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 5
BBN Listing #: 605234398
Broker Reference #: TRA017

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Business Overview:

With over 1,000 clients, primarily homeowners and realtors, the owner of this business does no labor! Offering handyman-type services since 2013, this company in Northeast Virginia has been considered a one-stop shop in the area for the last 7 years. Working 35% in residential cleaning, 30% handyman, 25% painting solutions, and 10% miscellaneous, this business offers an extensive variety of services. Selling at a 3 multiple and with a 33% profit margin, there has been consistent year over year growth in revenue and profit. There are over 1,000 active clients in the company’s system, and they are generally adding at least one new customer each day. These clients are able to book what they feel best fits their needs, with options for weekly, biweekly, twice weekly, monthly, or a one-time service. The team consist of 5 full-time employees with 1099’s used as needed; the current owner handles management, scheduling, and hiring, but does not do labor.

The business is being run from the owners’ home, so there is very low overhead in the business, allowing for over 30% profit margin year after year. The service area is generally kept within 40 miles from the home, but they do extend a bit past that if needed for a job. They work regularly with over a dozen realtors, who employ them for whatever jobs are needed at the time.

Growth opportunities include adding flooring and remodeling services and expanding the area of service. They are not actively seeking new clients either, just using social media for marketing, so being more active on sales or setting up contracts with realtors would be a great move as well. The owners have chosen to take their lives in another direction, but they have done their best to set this company up for easy takeover!

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Property Features and Assets:

Equipment: General cleaning equipment, portable extractor (for dryer vents/air ducts) Intangible Assets: Consistent work with realtors; great reputation

Market Competition and Expansion:

Growth Opportunities: Adding flooring and remodeling services; expanding area of services

Reason for Selling:

Career Change.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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