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