Well Established Restoration Company For Sale

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RESTORE ANYTHING THAT IS WOOD, METAL OR STONE
Asking Price:
$215,000

Gross Revenue:
$250,000
Cash Flow:
$196,526
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
included in asking price

FF&E:
$10,000
included in asking price

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Business Description

NICHE BUSINESS. BE YOUR OWN BOSS AND LIVE AND WORK IN SUNNY SARASOTA, FLORIDA. This is the fastest growing company in the industry. Owner has minimal overhead and has generated $225,000 in gross revenue year to date, through the month of October. The owner indicates that he is on track to reach $250,000 in Revenue by year end 2018. This number includes a $70,000 job that he just landed that will take him the majority of the last quarter of 20-18 to complete. Free Cash Flow after all expenses to a new owner is $196,526. This is a perfect family owned business that has tremendous upside for a new owner. This business could reach 7 figures if structured right with one person in the office, a sales force on commission and increased full time help. The current owner has reached the level of revenue noted above, working minimal hours with a lot of flexibility in his schedule. He has no full time employees and does the majority of the jobs himself. When he needs help, he has a whole list of people that do work for him on a part time, "as needed basis". He has other businesses and investments, is dealing with severe Osteoporosis, and chooses to control his workload and hours. His services are in high demand, as he has no competition in the area. he can pick and choose the jobs he wants. There is tremendous upside for a new owner who is willing to work more hours. Because of the lack of competition the phone rings all the time.

This is a 20 year old company that offers restoration services that no one else in the area offers. The company's territory is the whole SouthWest Coast of Florida. If it is made of wood, metal or stone, this company can restore it. Their services include cleaning headstones in cemeteries, complete cemetery restoration, restoration of historical markers, bronze plaques, monuments, memorials & statues. Tailored services are offered to Historical Societies, veterans Offices, U.S. Postal Service
City, State & Federal Agencies, as well as doing work for Individuals.

About the Business

Year Established:
1999
Number of Employees:
1
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,500
Lease Rate/Sq. Ft./Mo.:
$10,800.00
Lease Expiration:
10/1/2019
Facilities:
This business operates out of a 1,500 Sq. Ft. facility, consisting of two offices and a warehouse/workshop. Business is relocatable and could be operated out of your home to eliminate rent. Current owner has several businesses and needs office.
Market Outlook/
Competition:
No Competition
Growth & Expansion:
The owner has done a minimal amount of advertising & marketing. A tech savvy new owner could take this operation to a whole new level by implementing an aggressive marketing campaign, adding a sales staff on a commission basis, putting an employee in the front office to field phone calls, adding more employees to handle the increased work load and by working longer hours than the current owner does.
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About the Sale

Reason For Selling:
Physical Limitations
Training/Support:
30 days, No Charge. Will stay on up to 90 days with an agreed upon consultation fee. This business is easy to learn and the owner would fully train a new buyer on all aspects of the business.
Seller Financing:
Seller will finance up to 40% for a qualified buyer

Listing Info

ID:
1493035
Ad Detail Views:
1453

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Business Listed by

Hank Goldsby

Merritt Realty Corporation
License# SL3280549

 Show Phone Number

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