Handyman & Remodeling Demand is Booming! Projected 13% Annual Growth

Tennessee

Asking Price:	$230,000
Gross Revenue:	$750,000
FF&E:	$75,000
Established Year:	2022

Cash Flow:	$76,782
Inventory:	$5,000
Real Estate:	$600,000

Listing ID: 2293728Listing provided by BizBuySell

BUSINESS DESCRIPTION

A well-recognized name in the home improvement industry. This handyman franchise business has been in business for only 2 yrs. under the current owner and has shown growth from day one. Demand for handyman and remodeling services is projected to grow 13% annually through 2033. This market has exceptional growth due to the boom of new residents. This skilled professional team completes projects on time, with quality craftsmanship, the customer request more work. Minor repairs, installations, and maintenance tasks (e.g., plumbing, electrical, painting, carpentry). Larger projects like kitchen and bathroom renovations, flooring installation, and room additions. Landscaping, roofing, and exterior painting.
The franchise offers a proven business model and comprehensive support system for franchise owners. This includes training, marketing assistance, and ongoing support. With the 3 territories the new owner can place satellite offices in other towns to service the area more efficiently and increase revenue.
SDE is for 2024 along with a five-year forecast. Revenue is projected to be $1,465,941 in year 2028 with SDE of $200,765.

DETAILED INFORMATION

Location

Relocatable

Inventory

Included in asking price

Real Estate

Owned

Building SF

6,119

Employees

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The business operates out of a 6,119 square foot commercial building on a 0.30-acre parcel located on a major thoroughfare. The building has been extensively renovated for specific use for this business. The exterior is very attractive, especially at night when the exterior lighting highlights the business. The building is for sale for $600,000, inclusion would enhance the opportunity for using SBA funding on up to a 25-year basis. As a result, the monthly debt service payments can be lower and there is no pre-payment penalty if paid off early.

Competition

Market for the services this business offers can only be stated one way...business is booming. There is a normal amount of competition in the market; demand significantly exceeds supply.

Growth & Expansion

Demand for handyman and remodeling services is projected to develop at a healthy CAGR of 16.5% through 2033. The handyman service market is anticipated to reach US$ 1.8 billion by 2033 from an estimated US$ 390.9 million in 2023. According to a global analysis of the handyman services market, the surging growth factors for handyman services continue to exist long after the epidemic. The market's success can be activities, has increased as residential ho

Support & Training

Being part of a national franchise, a new owner will be required to participate in franchisor provided orientation training supplemented with up to thirty days of seller provided guidance and training to assure a successful transition. Training by the seller is included as part of the purchase price.

Reason for Selling

Seller has another opportunity he would like to pursue.

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