BUSINESS ACTIVITY: The Company is a specialty contractor that offers roofing repair, maintenance, moss cleaning and full replacement, Gutter, repair, cleaning, installation, and gutter guards to reduce the debris that goes into gutters, window installation, siding installation, and general handyman services.
HISTORY: In January of 2014, the Company started with an SBA Micro-Loan for $67,000 to purchase equipment and cash for working capital.
In the beginning, was able to hire a small staff to complete the work. At times, the Owner and the office manager did go into the field to complete manual jobs, for example, cleaning moss of roofs, gutter cleaning, and a few miscellaneous handyman services.
The first-year revenues ended at $800,000, second year was $1,000,000 and third year over $1.2 million. The company has averaged 25 to 30 percent revenue increases year over year.
The Owner has been able to build a team of individuals who have helped build revenues to over $3 million dollars in 8 short years. His ability to create a team atmosphere, promote quality individuals and coach employees to exceed performance requirements. He has created a turnkey operation with a general manager, production manager and three project managers/estimators to take care of the leads and customer installation each week.
The Owner has established high standards for his employees. His philosophy is to complete each job like it’s your own home. A good example is if an installation crew makes a mistake, or the customers’ expectations are not met he will redo the job rather than discount the price no matter what the cost is. This philosophy has earned the Company a strong referral and repeat customer base. This is not easy to achieve in this industry.
Today the Company is busier than ever and needs to hire additional technicians just to keep up with the organic growth. The Owner is proud of what he has built. The foundation has been laid for a new owner to build upon. With a strong industry outlook and a service industry that is virtually recession proof, the Company is poised for strong growth.
SALES AND SELLER’S DISCRETIONARY CASH FLOW:
MARKETING STRATEGY: The Company has managed to reduce marketing cost year over year. The Company has relied on their reputation, repeat business, word of mouth, print advertising and robust website to grow the sales. The outlook in the industry is strong. A new Owner with more energy could increase the work force and expand services to grow the business.
FURNITURE, FIXTURES, VEHICLES & EQUIPMENT: Included in the purchase price are Vehicles and Trailers, $100,000.00, Office FFE, $7,000 and Shop FFE of $10,000. The FF&E has been re-casted to reflect an estimate to replace the assets with the same or similar assets in the used marketplace.
DAYS AND HOURS: Monday through Friday hours are 8:00 am to 5:00 pm. The Company is available 24/7 for emergency service calls.
EMPLOYEES: The Company employees a General Manager, Production Manager, 3 Estimators and 11 Technicians that are hourly and or commissioned based.
FACILITIES: The business is in a free-standing building with leased space totaling approximately 7,000 square feet. The office is approximately 3,000 square feet with 4,000 square feet of warehouse space on a one-acre parcel. The lease is for $1,600.00 per month with the lease expiring on February 28, 2024.
REASON FOR SALE: The Owner may be relocating to another state and does not want to responsibility and liability of managing from afar.
TERMS: The asking price is $1,423,000. This is an SBA transaction with Buyer’s cash infusion of $142,300 and Commercial lending of $1,280,700 plus SBA fees. The term of the SBA loan is for 10 years at an interest rate of 6.00% with payments of approximately $14,218.00 per month.
INITIAL INVESTMENT: The buyer will need to have approximately $207,300.00 for the following acquisition cost:
Directions: Contact Bill Billingsley for more information at (503) 233-8600, Extension 1 or e-mail email@example.com.
No additional information will be released until the buyer has been pre-qualified by the Broker.
NOTE: THE BROKERS HAVE MADE NO INVESTIGATION OR VERIFICATION OF THE INFORMATION PRESENTED HEREIN