Home Improvement Business for Sale

$450,000

Vermont
Gross Revenue

$1,238,904

Pretax Income

$47,630

Cash Flow

$242,000

Established

1999

Contact Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get More Info
Gross Revenue

$1,238,904

Pretax Income

$47,630

Cash Flow

$242,000

Established

1999

About The Business

Painting, decks, sidings, bathrooms, you name it this company can do it. This business has been routinely making the owners over $225k off of 1M+/year revenues. With an SDE multiplier of just under 2 this long standing business is priced to sell so that the new owner can be in place when the lucrative spring season kicks off. Huge upside for a new buyer who wants to push into the commercial end. This part of the country has seen strong growth from NYC and Boston since the pandemic, leading to a large increase in demand for their services. Current property can be purchased with the business for an additional $190k. The owner has agreed to lease to the new buyer if that is their preference.

Detailed Information

Employees

9 FT

Market & Competition

The company is well-respected in this northeast region of the country. Situated on a main street of a centrally located town they service roughly 20 miles around. With the outstanding reputation in tact the company has been able to retain a solid workforce. Due to the seasonality of certain parts of the business, there can be brief periods where acquiring enough labor can be an issue.

Growth & Expansion

The current owner receives 2-3 invitations a month to bid on commercial work, which they turn down in order to focus on their core residential business. Expansion into commercial services would mean large contracts with commercial contractors. The new owner would have no trouble finding these contracts and fulfilling them if they are willing to hire a few new employees and travel further away from the home office in order to assess and monitor these projects. There are many middle and upper-class customers outside of the current geographic market who are not currently being serviced professionally. The new owner could swiftly acquire new customers if they expanded their marketing efforts into communities outside a 20-mile radius. In addition to property management, there are several other segments that a new owner could enter, like plumbing, electrical, landscaping, and roofing.

Lease Expiration

Building is also for sale or lease

Real Estate

Owned

Facilities

2,600 SF House, with office space downstairs and a 2 BR apt upstairs. Also has a basement for storage along with a garage. Yard with customer and employee parking.

Reason For Selling

After 10 years the owners are off to their next great adventure!

Learn More About This Business

We've created a secure online data room for this listing which includes all of the key information you need to evaluate the business (e.g., customer lists, bookkeeping reports, etc.). Given the highly sensitive and confidential nature of this information, the owner is cautious of this information being shared broadly before closing a transaction. At the owner’s request, we need to learn a bit about prospective buyers and have them sign a non-disclosure agreement before sharing access to the data room.

Complete the contact form to the right to select if you would rather schedule an introductory call to learn more about this listing or complete a brief introductory questionnaire.



Learn more about Buying with Beacon
Buying a small business? Join our Buyer Program
 for help navigating the transaction

Contact Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.