Comm'l RE Exterior Maintenance Services
| Asking Price: | $1,200,000 | Inventory: | |
| Gross Revenue: | $2,777,142 | Real Estate: | n/a |
| Cash Flow: | $396,432 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Founded in 1992 by its current owner and president, this company provides exterior building maintenance services, including rain gutter fabrication and installation, gutter cleaning, roofing and other services to the property managment industry, builders and other comercial and residential clients. The company has been growing at a rate of about 10% a year and is well known for its quality and service. It expects to reach the $3M sales mark in 2008 and generate a cash flow in excess of $400K. Over the last few years, management has made a successful effort to increase its property management business and has increased PM sales from 27% of revenues in 2007 to 38% of revenues in 2008. It has achieved this by greater penetration of the market and by expanding the list of services it offers where now the company can offer "one stop shopping" for all exterior maintenance items. Management expects the growth trend for PM business (as well as total revenue growth) to continue into the future. This company has an excellent list of clients, including many of the area's top property mangagement firms, community management firms, mulit-unit builders, smaller builders, commercial clients and over 3000 residential gutter cleaning clients. The company has a stable management structure, with (in addition to the owner) a general manager, an office manager and a production manager.
About the Business
Year Established:1992
Employees:24 full time -
Facilities:The business leases an approximately 11,000 square foot space used for offices, warehouse and fabrication. The facility is large enough to handle anticipated growth of the company. Base rent is $7,515.33 per month plus the pro-rata share of real estate tax increases. 15 vehicles (most late model) and all fabrication and other equipment are included in the sale on a free and clear basis.
Market Outlook and Competition:In an industry where many competitors can't even be counted on to show up for an appointment, this company has a reputation for quality and reliability. It has only a tiny share of its market. The company's reputation has allowed for steady growth for the last 4 years; the company does very little marketing and has no dedicated salesperson. Management believes that growth could be greatly accelerated by hiring a salesperson with contacts in the property managment industry, by bringing on an additional estimator and by increasing advertising for homeowner work.
About the Sale
Reason For Selling:Other business interests.
Seller Financing:Financing available for qualified buyers.
KEYWORDS: property, management, property management, pm, commercial, roofing, gutter, construction, trade, growth, profit, Maryland, Montgomery, retire, retirement,
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