* Included in Asking Price
This reputable Lincoln Area handyman business with A+ Better Business Bureau accreditation has an established customer base and sets the standard for quality work at a fair price. Website name with great SEO brings in a steady stream of new clients. This handy man service offers its clients a wide range of services including but not limited to: interior and exterior painting, custom deck construction, basement remodeling, new fence installation, and gutter repair and installation. In addition, to an extensive customer list, the business has vetted relationships with additional contractors to assist in larger jobs and increased sales revenues. There is additional revenue generated from roughly 30 snow removal clients located in a close geographical area. Cash flow in 2015 of $45,398 representing a 39% profit margin and the Net Operating Income after expenses and loan payments from above funding example equates to $68,063.
Reason for Selling: Transitioning
Hours: 8 AM to 5 PM M-F
Support to Buyer: Sellers will provide 90 day transition period
Additional Information: Location and Service Area: 7 County Range in the Lincoln Nebraska Area Services Offered: Basement Refinishing, Painting, New Fencing and Repair, Decks, Snow Removal, Window Treatments, Caulking Removal/Install, Furniture Assembly, Debris Removal, General Household Repairs, Swing Set Assembly, Gutter Cleaning, Leaf Raking, Christmas Lighting, Roof Leak/Sealer Lease: $575 Reason for Selling: Transitioning Hours: 8 AM – 5 PM Monday - Friday Seller Training Period: 90 Days Growth Opportunities: Staff 1099 Contractors Current Owner’s Responsibilities: Owner/Operator Financial Overview List Price: $98,000 Gross Sales 2015: $116,809 2014: $185,757 Owner Profit/Cash Flow 2015: $45,398 2014: $82,504 Profit Margin: 39% Multiple: 3 *Multiples range from 1-5, with the average being 3 Valuation:  Cash Flow x Multiple = Price $45,398 x 2.2 = $99,875 Funding Example Purchase Price: $98,000 20% Buyer Down Payment: $19,600 20% Seller Financing: $19,600 60% Bank Loan: $58,800 Net Operating Income after expenses and loan payments from above funding example equates to $68,063.
Location and Service Area: Lincoln and surrounding communities|
|Growth Potential:||staff 1099 subcontractors|
|Seller Financing:||20% Seller Financing|
Seller Reference #SER007
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