Actively seeking a new proprietor for ACE St. Louis Gutter Service. The enterprise is fully operational, boasting $180,000 in service contracts and generating $15,000 per month from installation revenues. Urgency is paramount.
Ace St. Louis is a full-service gutter company that has been providing design, maintenance, and installation of rain displacement systems since 1998. They serve residential, commercial, and municipal markets in Greater St. Louis and St. Charles County. Their services include new installation of aluminum and copper gutter systems, repairs, gutter guards, and maintenance programs.
Ace St. Louis can help prevent debris from overwhelming your gutters and drainage system with gutter protection. A proven fact; gutter guards significantly decrease the need for gutter cleaning. However, all guttering requires cleaning eventually; with or without gutter guards, no matter what the claim. We offer three gutter guard products to ensure your gutter system is able to properly dispense roof water between cleanings.
In 2023, the current owner acquired the business for $300,000, and it was prequalified by the SBA for $500,000. The purchase initially included a Ford F150, but the asset list has since expanded to three trucks and assorted equipment for the gutter business. Additionally, the business took on approximately $160,000 in working capital from prepaid cleaning service agreements. The previous year, in 2022, the business had generated revenues of $364,000.
During the acquisition, the owner could not retain any employees. The former owner retained his existing staff for another venture, resulting in a significant impact. The disappearance of a subcontractor led to the loss of over $140,000 in operational revenue, halting installation services. These services have now been internalized. Presently, the business employs seven experienced staff members (with provided details and contracts).
A detailed spreadsheet of physical assets and the total value of service agreements is available. The service agreements are currently valid and are valued at $180,000, with some being prepaid and others billed net 30. Additionally, the business's in-house installation division generates $15,000 per month.
https://acestlouis.com/
Please use the following link to sign NDA and coordinate a call - https://zfrmz.com/3hlPw4zqQ0kW42K5SRbt
Real Estate Available: No
Real Estate Included: No
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Owner worked hours per week: 40
Market Competition: A gutter repair and installation service business is currently operational with seven employees and service agreements in place. The installation service is experiencing growth and presently generates $15,000 in monthly revenue.
