Recurring Revenue Home Services Provider
Financials
Asking Price of business :$2,400,000Included In Asking Price :Furniture, Fixtures & Equipment: $300,000
Inventory :$30,000
Annual Sales :$3,300,000 Cash Flow :$750,000
Summary Description
This home services provider serves the Southern Maine market, including Greater Portland. The business has a year-over-year renewal rate of 80%+ across its customer base, with the vast majority on annual service contracts. The company is entering the second year of offering a significant product line extension, while also developing a substantial secondary target market for both its traditional and new service offerings. The business possesses a large base of customers within a tight radius around its location, and a new owner would have ample opportunity to grow the business’s presence outside of that area.
General Information
Year Established :2012Employees :15-40 FT (Seasonal)
Facilities :The company leases space which it estimates would allow for a further 20% growth in revenues. The leased property has ample parking to serve the business’s needs.
Business Location :Southern Maine
Market Outlook
Competition & Market :
The business has a significant market presence within the Southern Maine market, particularly around its base of operations. The number of competitors providing similar services has grown in recent years, attesting to the customer demand for the services the company provides. The market is expected to grow as more customers are looking for providers of the business’s services. In addition, the company is entering into synergistic markets and service offerings, putting pressure on its competitors who generally can’t provide the quality or breadth of service this company can, and has for almost 15 years.
Growth & Expansion :
Current ownership has identified specific opportunities for future growth including a service offering extension, an expansion to a separate class of customer for its services, and the enlargement of it targeted geographic service areas.
About the Sale
Financing :Anticipated Seller & Bank TBD. Down Payment TBD. Working Capital Needed $200,000
Support/Training : Seller will provide transition training for a new owner.Reason for Sale : Owner’s desire to focus on other pursuits.
Contact Information
Josh Saunders
Maine Business Brokers
Phone: 207-775-1957
Email: .(JavaScript must be enabled to view this email address)
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