Recurring Revenue Home Services Provider
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This home services provider serves the Southern Maine market, including Greater Portland. The business has a year-over-year renewal rate of 80%+ across its customer base, with the vast majority on annual service contracts. The company is entering the second year of offering a significant product line extension, while also developing a substantial secondary target market for both its traditional and new service offerings. The business possesses a large base of customers within a tight radius around its location, and a new owner would have ample opportunity to grow the business’s presence outside of that area.
About the Business
- Years in Operation
- 15
- Employees
- 30 Full-time
15 to 40 FT Employees (Seasonal) - Facilities & Assets
- The company leases space, which it estimates would allow for a further 20% growth in revenues. The leased property has ample parking to serve the business’s needs.
- Market Outlook / Competition
- The business has a significant market presence in the Southern Maine market, particularly around its base of operations. The number of competitors offering similar services has grown in recent years, reflecting customer demand for the company’s services. The market is expected to expand as more customers seek these providers. In addition, the company is entering synergistic markets and service offerings, putting pressure on its competitors who generally can’t provide the quality or breadth of service this company can, and has for almost 15 years.
- Opportunities for Growth
- Current ownership has identified specific opportunities for future growth, including a service offering extension, an expansion to a separate class of customer for its services, and the enlargement of its targeted geographic service areas.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,572
- Rent
- $3,525.00 per month
- Lease Expiration
- 12/31/2029
About the Sale
- Seller Motivation
- Owner’s desire to focus on other pursuits.
- Transition Support
- Seller will provide transition training for a new owner.
- Financing Options
- Anticipated Seller & Bank TBD. Down Payment TBD. Working Capital Needed $200,000
Listing Info
- ID
- 2484972
- Listing Views
Listing ID: 2484972 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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