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Long-standing Remodel / Handyman Company 20+ years

Orangevale, CA
Bathroom
Bathroom
Asking Price:$385,000
Gross Revenue:$650,000
Rent:$750/Month
Established Year:2003
Cash Flow:$210,000
Inventory:$2,500
FF&E:$20,000
Listing ID: 2242549Listing provided by BizBuySell
BUSINESS DESCRIPTION

Bathroom Remodels / Handyman Services

The company has a strong reputation in the Sacramento area, with thousands of customers over the years. Repeat /Referred business accounts for 40% of gross revenue. The company operates mainly on a Labor basis with no inventory. Remodels and handyman projects each make up 50% of the revenue. There is a solid marketing plan in place that includes 14K customer list, 3k emails and a professional website.
The company is managed moistly by a Service Manager who handles calls, assigns technicians and collects the payments. All payments are on completion of the project (Great Cash Flow!). The staff consists of a Services Manager and 5 technicians. The Owner's involvement in daily activities is about 30 hours a week. The owner's responsibilities include Quick Books, bank deposits, marketing, and project management for bigger projects.
This company has seen steady growth in revenue for the past several years and has the potential for expansion. Everything is ready. The reason for sale is Retirement:)
Gross Revenue Avg. 20220-2023 $650,00 Cash Flow 2023 $210,000 - PENDING SALE 8/1/2024

DETAILED INFORMATION
Location
Orangevale, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
750
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The Office is 750sq ft . Great location. Rent is $750 a month with NO CAMS. You pay utilities. I'm under no lease for the past 16 years:)
Competition
I believe I'm the second largest Handyman Company in the area. I've worked hard creating a Brand over the last 18 years. Doing the remodel projects set us apart from other companies. Plenty of room for growth in this area.
Growth & Expansion
There is plenty of room for expansion with a motivated owner.
Financing
We are NOT a Franchise. I'm open to financing, prefer cash offer.
Support & Training
Minimum 30 days of training. Open to stay on longer in some capacity,
Reason for Selling
Retirement
Franchise
This business is an established franchise
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Richard Reynolds
Phone Number
Richard Reynolds
Call Phone