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Quick Facts
Asking Price: | $198,000 | |
Annual Revenue: | $330,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $43,000 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1993 | |
Employees: | Not Disclosed | |
BBN Listing #: | 210446339 | |
Broker Reference #: | 80521-683938 |
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Business Overview:
Residential handyman business in Cobb County for sale, established over 20 years. Customer database of 35,000 with a team of 10 independent contractors. While the current owners are only putting in 4-hour days, monthly billing ranges between $4,700-$5,000/month. Many of the jobs performed are with repeat customers that have been long standing. Accounts serviced are in an exclusive territory of about 738,000 persons. The sale includes office equipment to handle residential accounts. Four weeks of training is provided by the company. Not only is this business is very scalable and has many opportunities to expand its services offered and it’s reach, but it also has the potential to double its profit with the implementation of a complete 40 hour work week. More details are available with business prospectus.
Over the past 22 years the current owners have built a well-respected business in the Northwest Atlanta Metro Area. Focusing on residential customers in Cobb and Cherokee Counties they currently have 35,000 customers in their database. Over 50% of new jobs are from repeat customers. They have successfully bridged the gap between the small-time solo handyman and large remodeling contractors or companies for countless homeowners. Many of their independent craftsmen are requested by name for new jobs thanks to their previous work.
The territory they have been serving is unusually large having a population of 750,000 and 300,000 households in a growing, popular area. This offers the opportunity for multiple sites in this market area or one larger franchise that can serve their current market with a protected footprint.
There is huge potential for growth for expansion to include commercial customers, by working with a general contractor to enable larger projects, and by bringing new enthusiasm and energy to the business. There is a million-dollar potential with this franchise, using the established data base and craftsmen.
Due to serious health issues, and the partial retirement of the current owners, the business cut back to a half-day during the pandemic. Increasing the hours, and thus reducing response time, will result in dramatically improved revenue for the new owner.
The owners are motivated to sell and have recently reduced the asking price from $250,000 to $198,000.
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Reason for Selling:
Retirement
Additional Details:
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