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Baby-Boomer Focused Home Services Biz Ready for Nationwide Expansion

Houston, TX
Home Lifts

Seller Financing Available

Home Lifts
Asking Price:$1,650,000
Gross Revenue:$2,400,000
Cash Flow:$420,000
Established Year:2018
Listing ID: 2298036Listing provided by BizBuySell
BUSINESS DESCRIPTION

Providing feel-good solutions for seniors and disabled individuals

HUGE GROWTH POTENTIAL
The business serves senior citizens and disabled individuals with home modifications (bathroom remodels) and accessibility equipment (home elevators, stairlifts, wheelchair lifts, ramps etc). This industry is experiencing an 18%-20% annual growth mostly due to the aging baby boomer population that would prefer to age in their own homes rather than move to nursing homes.

DIVERSIFIED PORTFOLIO OF PRODUCTS/SOLUTIONS
This business has a diversified product offering with in-house expertise with an unbelievable cash flow friendly business model. The successful business provides home elevators, stairlifts and other lifts, ramps, home modifications and remodels, and handyman services. The business currently spends less than 1% on advertising and majority of new business comes from natural SEO traffic, existing customer relationships, and established community network. The business has established supplier relationships with over 20 equipment manufacturers. Approximately 50% of the business is from remodels and home modifications and 50% from equipment. Many customers are repeat clients. 4.9/5.0 stars on Google! Recently awarded 5-year contract with major municipality. Untapped opportunity to expand with service contract with existing client base.

FRANCHISED MODEL - READY TO EXPAND
The business model has been franchised and is ready for the next owner to expand it outside of the Houston market with new franchise owners. The business is selling at a significant discount compared to the expected valuation after the franchise system is established.

DETAILED INFORMATION
Location
Houston, TX
Inventory
Included in asking price
Employees
14
Facilities
Licensed elevator contractor. Large, established network of referral sources and SEO-provided leads. Supplier/Dealer relationships with 20+ manufacturers. Large inventory of installation tools, remodeling equipment, several service vehicles, and inventory of products. Currently in a short-term leased office/warehouse space with flexibility to move the home location to new area or remain in same location.
Competition
This business is the hands-down leader in home modifications and has an excellent reputation within the local Houston market with constant referrals from healthcare providers and senior-related services. The business is NOT restricted to any geographic territory and chooses which projects/locations to take.
Growth & Expansion
1) The business is primed to continue to expand within the local Houston market. Growth has been 25%-50%+ yearly and there is very reasonable potential for 3-4x growth just in Houston with the right level of effort. There are SO many untapped opportunities. 2) The business can expand to other Texas metros with relative ease by investing in local teams 3) The business has been franchised and ready for nationwide expansion
Financing
Seller financing is available
Support & Training
Current owner is willing to stay involved and train new ownership for up to 6-months under a consulting relationship.
Reason for Selling
Owner is wanting to relocate closer to family and focus on other business opport
Franchise
This business is an established franchise
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Listed By: Not Disclosed