With a desirable and expansive territory, this company provides comprehensive waterproofing and repair services for both commercial and residential properties. Within its operational area, the company boasts the #2 position in market share, supported by its licensed and protected territory.
The company’s extensive range of services includes basement waterproofing, foundation repair, crawl space repair, exterior drainage solutions, basement window replacement, egress window installation, and indoor air quality solutions.
In recent years, the company has seen a significant increase in profits, generating $945,366 in 2022 and achieving trailing twelve-month (TTM) revenue of approximately $1,000,000.
With a favorable SDE multiple of 2.7x, the business is attractively priced at $399,000. The seller envisions an asset sale in which he retains cash and A/R while retiring all liabilities. For a qualified buyer, the seller will carry a meaningful note.
A typical deal for the purchase of the business looks great with $40,000 (10% of the purchase price) in buyer cash, a matching $40,000 seller note (over 5 years), and the balance financed by an SBA term loan. Total annual debt service will be approximately $58,000, which would have resulted in a post-debt discretionary cash flow for the buyer of $90,000 averaged over the past three years.
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