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Established, Profitable Concrete Coatings Business -- NextDoor Fave!

Tyrone, GA
Garage Floor After
Garage Floor After
Asking Price:$219,000
Inventory:$24,500
EBITDA:$141,500
Established Year:2015
Gross Revenue:$390,000
Rent:$50/Month
FF&E:$19,000
Listing ID: 2263432Listing provided by BizBuySell
BUSINESS DESCRIPTION

Full-time Income, Part-time Input!

Concrete Coatings Franchise with exclusive territory rights in SW Atlanta Metro region, nine total years in business, five in the local area. Hundreds of Google Reviews, all of which are 5-star. Many repeat customers (detached garages, back and front porches and patios after completing their primary garage), which is indicative of customer satisfaction with product/pricing. Currently have nearly 20 jobs on the schedule; the conversion rate from quotes to actual bookings is greater than 70%. Profit margins (per job) average 40%. Included in sales price is all equipment (mixture of older and newer grinders, HEPA vacuums, generators, shotblaster, graphics-wrapped trailer) and product inventory (current value of approximately $25,000). Complete financials available upon request.

ATTACHED DOCUMENTS
GFPTC.pdf.pdf Download
DETAILED INFORMATION
Location
Tyrone, GA
Inventory
Included in asking price
Real Estate
Leased
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a trailer-based business with some home office requirement. The "leased" information is my cost for a local storage lot rental, monthly. You will require a suitable location for 16-foot, double axle trailer (some HOA's don't permit on-site parking), and for materials used in the installation of the product (primarily five-gallon buckets and 40-pound boxes of chip/flake.
Competition
The market is literally booming in SW Metro, with many, many new subdivisions being built, as well as older homes who's owners are upgrading. There are a number of competitors, but none offer the warranty (backed by the Franchisor) or the quality of product offered by this particular franchise. I am convinced it is, hands down, the absolute finest concrete coating available on the market today.
Growth & Expansion
The above Gross Sales and EBIT data were based on a total of 122 jobs (about 125 days of actual installation work). Given there are about 40 five day workweeks in a calendar year (accounting for a 2-week vacation and national holidays) that's a total of about 200 days available. (so the upside is about 60% GREATER than the sales/EBIT amounts listed.
Support & Training
The home office (franchisor) provides a week-long course for new franchise owners at their facility in Wisconsin. Excellent opportunity to get to know the product, the business model, and the home office personnel dedicated to making the franchise work.
Reason for Selling
I'm retiring. It's been a really good opportunity for me; passing along to some
Home-Based
This business is Home-Based
Franchise
This business is an established franchise
BUSINESS LOCATION
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Joel Weeks
Phone Number
Joel Weeks
Call Phone