Location: Northwest Michigan
Industry: Business & Residential Services
Listing ID: CK160216WP
This business is an exceptionally profitable and has diverse revenue channels. Due to the nature of the business and geographies served, details of the business need to be held in confidence until a Non-Disclosure Agreement is executed by interested parties.
The business provides various service offerings to both residential and commercial accounts. The nature of their business is as recession proof as possible.
This business could be ideal for either a Owner/Operator or for a financial buyer.
Real Estate: $750,000
Reason For Sale:
Owner will offer help during transition and plans on pursuing other interests following transition of ownership.
Training & Support:
Owner is willing to assist new owner for an extended period of time to ensure they have a solid grasp on their business and assist in the planning to grow the business into new areas of additional revenue.
Year Established: 1983
Year of Last Acquisition: 1993
Absentee Owner?: Yes
Monthly Rent: 3500
Square Footage: 17000
The business is located on a site that is currently owned by the business owner. The real estate is available for lease or purchase.
Company has been in existence since 1983 and in 1993 the company was purchased by the current owner. In all the years of ownership, the company has seen increased revenue every year.
The company offers many different s related to its core business. The company is either #1 or #2 in its market for its primary business areas. Additional services provided in their market areas could provide significant growth and opportunity to become the leader in markets presently served.
The company conservatively predicts at least 10% to 15% revenue growth each year for the next 3 to 5 years, without any real structural changes to the company and with minimum capital expenditures. The company could significantly outpace this rate of growth with additional CapEx investment. By employing new technology and directing resources to expanding services directly related to the core business, this company has substantial room to grow profits. The business is well insulated from downturns and recession downturns, in fact during the last three recessions they saw their revenues increase every year. After some 24 years, this business has never seen a decline in revenue.
A reasonable amount of seller financing will be available.