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.
- Asking Price:
- $2,400,000 Furniture / Fixtures included
- Sales Revenue:
- $3,300,000
- Cash Flow:
- $750,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Expiration Date December 31, 2029
- Leasehold Rent:
-
$42,300 per annum
- Premises Details:
-
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.
- Size in square feet:
- 7,542 Square Foot Building
Business Operation
- Management type:
- This business is owner operated.
- Expansion Potential:
-
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 its targeted geographic service areas.
- 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.
- Reasons for selling:
-
Owner’s desire to focus on other pursuits.
- Employees:
- 15 to 40 (Seasonal)
- Years established:
- 2012
Other Information
- Support & training:
-
Seller will provide transition training for a new owner.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Anticipated Seller & Bank TBD. Down Payment TBD. Working Capital Needed $200,000
- Furniture / Fixtures value:
- $300,000 - included in the asking price
- Inventory / Stock value:
- $300,000
