Business For Sale

Very Profitable Absentee Owner Service Business

Schaumburg, IL
Cook County

Asking Price: Annual Revenue:
$1,690,000 $1,530,800

Services: Home Improvement, Repair, Painting

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RE: Very Profitable Absentee Owner Service Business Broker: Seller of Business

Quick Facts

Asking Price: $1,690,000
Annual Revenue: $1,530,800
Net Profit: Not Disclosed
Cash Flow: $572,600
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Illinois
Year Established: 1988
Employees: 10
BBN Listing #: 399853032
Broker Reference #: 111821

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Business Overview:

This is an incredible opportunity to take over a 30 year old service business that is currently being run on auto pilot. All the key personnel are in place and all the marketing is setup to generate a constant flow of new leads every week. Current owners work a few hours a week but still achieve fantastic growth and cash flow margins! This business is in a very fast growing industry that is home remodeling related, although a new owner does not need to have a construction background. The business services the Chicagoland market, but could easily be expanded and duplicated into other markets in addition to growing within Chicago. Sales continue to grow year-over-year with gross sales up over 15% annually on average for the past 3 years.

A new owner could keep the business turnkey and put in limited hours per week or they could be active full time in the business and increase cash flow.

Gross Revenue: $1,531,000
Cash Flow: $ 572,600
Asking Price: $1,690,000

The above cash flow of $572,600 assumes a new owner working full time in the business. If a new owner wanted to run the business as it is structured and only work minimal hours each week, the turnkey cash flow was $487,000 in 2017. This business has been pre-qualified for SBA Financing.

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.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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