Motivated Seller/Low Multiple - $100k SDE Side Hustle - Home Services
| Asking Price: | $194,000 |
| Gross Revenue: | $305,823 |
| Established Year: | 2022 |
| Cash Flow: | $107,312 |
| EBITDA: | $107,312 |
20hr/wk - Dead Simple Business - Comprehensive Training and Support
No Construction Experience Necessary.
REASON FOR SELLING: Moving back to Maine for family reasons.
BUSINESS SUMMARY: This business location is 2 years old and is over the startup hump. Growing 15% year over year with a strong Q1 in 2024. Highly experienced and problem free staff will help smooth out the acquisition bumps (skilled labor makes or breaks this business and I've done the hard part for you on this front). 2 years of search engine optimization, google reviews, and website history means you're buying an established base of hands-off lead gen. This business can be run with 20hr/wk or less at its current transaction rate.
OPPORTUNITIES FOR GROWTH: Low hanging growth opportunities include:
1.) Referral fee kickbacks for local contractors (plumbers, testers, mold remediators, etc).
2.) Increased optimization of the website (I'm terrible about sending my team the "about you" write ups and job stories they would like to post).
3.) Uploading regular before and after photos of jobs (we post nothing at the moment).
4.) Managing a social media presence (we currently do no social media engagement).
5.) Wrapping a vehicle in line with franchise standards (my municipality does not allow this due to street parking concerns).
6.) Engaging third party lead gen sites like angies, thumbtack, etc are options once the new operator has gained some experience in the space, we currently do not engage any of these companies as they commodify our service.
VALUE PROPOSITION: Ever notice that all the mechanical systems of your home are BEHIND a plaster board wall? Well when those systems need to be serviced home service contractors like plumbers, electricians, etc cause a lot of damage to walls and ceilings. We are a premier wall and ceiling patching services in the northern half of the Greater Boston Area. Small jobs means a price premium, a simplified scope of work without customized details (a HUGE win), and competition that's primarily chasing larger remodel work. Nice little niche driven by google search results and contractor referrals.
TRANSACTION AND TRANSITION: I'll teach you the business and you'll have a huge franchise support network backing you up. They take care of the major marketing pushes and any technical difficulties you run into with lead generators like google. The business is priced for a 10 year SBA loan, I'll hold a 10% note with no interest. The deal pencils with no growth. I'll teach you the basic operations in the first few weeks post acquisition, and remain available via phone for 2-3 months afterward for any continuing questions.
