Business Summary:
This property maintenance and repair business currentlyhas over $2 million of signed contracts on their work inprogress list! Their services include maintenance,renovation & light remodeling, repairs, and rehab work.60% of their services are utilized by the military, parksdepartment, and United States Fishing & WildlifeServices, while the other 40% of their client base isprimarily made up of commercial real estate holdingportfolio and multi-unit real estate owners. Located inHouston, TX since 2004, they have a well-establishedteam, including 1 Admin Assistant, 1 Office Manager, 1Network/IT, 1 Operations Manager, 2 Estimators, 1Superintendent, 1 Residential Supervisor, 1 FederalContracting Assistant, and 1 Bookkeeper. They alsohave 6 field crews with 1-2 men per truck. Their locationincludes a 4,200 sq. ft. office building (3 offices, 15workstations, conference rooms, etc.), a 2,500 s. ft.warehouse, and a 1/2-acre equipment yard. The ownercurrently works part-time, primarily handling oversight ofoperations & reviewing of financials. To ensure a smoothtransition of ownership, establish his stake in theongoing success of the business, and as a show of goodfaith, the current owner has not only offered a one-yeartransition and/or training period, but has offered a sellercarry rate of 10%.Priced at $1,450,000, this business is primed for newownership to step in and continue the business’s upwardgrowth pattern, as well as see new growth by expandingmarketing tactics and growing the business to consumerresidential work. With the purchase, you would begetting $175K in assets as well, including crewvans/trucks, trailers, pressure washers, manlift, andeverything else needed to continue to operatesuccessfully.
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