Location: Northern Michigan
Industry: Business & Residential Services
Listing ID: CK210119SS
This business is a highly profitable business with diverse revenue channels and significant strategic advantages over its competition. Due to the nature of the business and geographies served, details on the business need to be held in confidence until a Non- Disclosure Agreement is executed by interested parties.
This business provides various service offerings to residential, commercial and government accounts. The nature of their business is one of the most recession-resistant industries.
This business could be ideal for either an Owner/Operator, a strategic or a financial buyer.
Total Sales: $1,290,125
Cash Flow: $369,631
FFE: $1,087,209 (Included in Price)(Included in Price)
Real Estate: $1,068,000
Reason For Sale:
Training & Support:
Owner is willing to assist the new owner in a smooth transition to ensure they have a solid grasp on their business and to assist in the planning to grow the business.
Year Established: 1962
Lease Option: Owner prefers to sell real estate with business, but will offer it for lease
Monthly Rent: $6,800/month Triple Net
The business has some strategic advantages, which includes facets of its location and facility, thus the owner would prefer to sell the business with the real estate.
This company has chosen to purchase many of its small competitors over the years, which has added to its position as the key and largest player in their market. Competition is of little significance and the company has remained the familiar and best-known brand.
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 expand services directly related to the core business, this company has substantial room to grow profits.
The seller is willing to provide necessary seller financing for buyer to secure SBA financing.