Established Home Repair and Remodeling Business - Price Drop!

League City, TX
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Asking Price:$299,000
Gross Revenue:$183,094
Established Year:1985
Cash Flow:$111,239
FF&E:$5,310
BUSINESS DESCRIPTION

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-910234

This acquisition opportunity is for the top-rated home repair and renovation business in the surrounding area. Led by a single business owner, the company has been in business for 40 years and is the “name to know” in the community. It specializes in the residential remodeling market with the capability to complete interior and exterior projects, including room remodels, concrete patios, painting, sheetrock, and everything in between, as well as handyman and repair work. With experience completing remodeling construction projects up to $165,000 in value, Seller takes pride in providing timely, quality work and unparalleled customer service.

Despite his lack of marketing activities, Seller receives several calls per day to do remodeling and repair work for home- and condo-owners – typically repeat customers and referrals – across the area. His role is that of a General Contractor, scoping, bidding and overseeing the work, which is primarily completed by two dedicated subcontractors and, when needed, a network of specialist subcontractors. The business consistently does $200,000 in annual revenues, with spikes from freeze and similar weather events resulting in double and nearly triple those revenues (see 2021, $500,750 in revenues).

The current owner is literally turning down work, including commercial handyman and repair work, having built a business that is overrun with calls and inquiries. Weather events like the one we just experienced create massive demand, making now the ideal time to acquire this business. Seller is ready to retire and to place the business into a safe pair of hands with an extended transition for his loyal clientele.


DETAILED INFORMATION
Location
League City, TX
Inventory
Included in asking price
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Works from home
Competition
Strongest name in remodeling in the area, with room for geographical expansion
Growth & Expansion
Strong growth potential from advertising, incremental services and staff
Support & Training
Number of Weeks Seller Will Offer Training: 8
Reason for Selling
Retirement
Home-Based
This business is Home-Based
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Kevin
Blodgett
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Kevin Blodgett