Property Maintenance & Repair: 60% Govt. 40% Com.

Houston, TX


Asking Price: Annual Revenue:
$1,500,000 $3,556,326

Services: Construction, Contractors


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RE: Property Maintenance & Repair: 60% Govt. 40% Com. Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $187,500 12.5% Seller Financing $187,500 75% Bank Loan $1,125,000

Quick Facts

Asking Price: $1,500,000
Annual Revenue: $3,556,326
Net Profit: Not Disclosed
Cash Flow: $602,065
Total Debt: Not Disclosed
FF&E: $119,909
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 628934398
Broker Reference #: CBI004-C

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Business Overview:

This property maintenance and repair business currently has over $2 million of signed contracts on their work in progress list! Their services include maintenance, renovation & light remodeling, repairs, and rehab work. 60% of their services are utilized by the military, parks department, and United States Fishing & Wildlife Services, while the other 40% of their client base is primarily made up of commercial real estate holding portfolio and multi-unit real estate owners. Located in Houston, TX since 2004, they have a well-established team, including 1 Admin Assistant, 1 Office Manager, 1 Network/IT, 1 Operations Manager, 2 Estimators, 1 Superintendent, 1 Residential Supervisor, 1 Federal Contracting Assistant, and 1 Bookkeeper. They also have 6 field crews with 1-2 men per truck. Their location includes a 4,200 sq. ft. office building (3 offices, 15 workstations, conference rooms, etc.), a 2,500 square feet warehouse, and a 1/2-acre equipment yard. The owner currently works part-time, primarily handling oversight of operations & reviewing of financials. To ensure a smooth transition of ownership, establish his stake in the ongoing success of the business, and as a show of good faith, the current owner has not only offered a one-year transition and/or training period, but has offered a seller carry rate of 12.5%.

Priced at $1,500,000, this business is primed for new ownership to step in and continue the business’s upward growth pattern, as well as see new growth by expanding marketing tactics and growing the business to consumer residential work. With the purchase, you would be getting $175,000 in assets as well, including crew vans/trucks, trailers, pressure washers, manlift, and everything else needed to continue to operate successfully.

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Property Features and Assets:

Assets Included in Purchase: $174,580 Vehicles: $98,722 – crew vans & trucks Equipment: $21,187 – trailers, pressure washers, manlift, fans, water extractors, excavator, commercial mowers & landscaping equipment, computers, scanning camera A/R: $70,523 A/P: $15,852 Working Capital: $54,671 Work in Progress: $2,118,070 *amounts may vary, assets may be depreciated, replacement cost, or fair market value.

Market Competition and Expansion:

Growth Opportunities: Expand marketing tactics and move into more business to consumer residential work.

Reason for Selling:

Semi-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.

Documents:

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