Business For Sale

High Cash Flowing Niche Service Business

Not Disclosed, MI

Multiple locations in Michigan


Asking Price: Annual Revenue:
$2,100,000 $2,300,000

Services: Business & Office Services


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RE: High Cash Flowing Niche Service Business Broker: Mike Greengard

Quick Facts

Asking Price: $2,100,000
Annual Revenue: $2,300,000
Net Profit: Not Disclosed
Cash Flow: $625,000
Total Debt: Not Disclosed
FF&E: $1,500,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: Not Disclosed
BBN Listing #: 842631216
Broker Reference #: MG1021419

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Business Overview:

It has been a great 22 year run for the founder/owner/seller of this outstanding and very successful service business which also has a major profit center in rentals of specialized equipment. The list of the company’s service offerings is both lengthy and impressive. The seller has now reached retirement age and looks forward to transitioning his well-established, high cash flowing company to new ownership.

With offices located in desirable communities across Michigan, the combined rent of the company’s leased facilities is a favorable 5.0% of revenues. Skilled, loyal, non-union employees cover the offices while working with corporate, hospitality and institutional clients, which comprise a list that reads like a “Who’s Who” among U.S. corporations and institutions. The company’s business models include a meaningful income stream from renting its $1.5 million (cost basis) of specialized equipment which is (a) state-of-the-art, (b) kept in perfect condition, and (c) included in the sale price.

With $2.3 million of 2018 revenues, the business has had a solid and impressive 17% annual growth rate for four consecutive years with respect to its SDE (seller’s discretionary earnings – the cash flow available to pay an owner-operator and service debt). The business is being offered for $2.1 million, an attractive 3.35x multiple of its $625,000 of 2018 SDE. The business comes with the above discussed equipment plus ample additional fixed assets to run the business and both store and deliver the required equipment to customers’ sites. Additionally, the seller will carry a six figure seller note for a qualified buyer while also offering ample transition training.

This jewel of a business has it all: huge barriers to entry; great customer base; a wealth of included fixed assets, and an impressive and growing cash flow. To learn more about this excellent and bankable business opportunity, please contact Mike Greengard or email us.

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Reason for Selling:

Retirement

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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