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The owner of this company works part-time and does no field work! With an infrastructure set up to support larger clients and maintain relationships, a highly skilled staff of 12 is already in place and continues to build solid client relationships. Employees include 1 PT Admin Assistant, 1 PT Office Manager, 1 PT Network IT, an Operations Manager, 1 Residential Estimator, 2 Superintendents, 1 Commercial Specialist, 2 Client Support staff, 1 Document Control staff, 1 Inside Salesperson and 6-12 field crew employees. Clients include corporate real estate investors, private entities, and some residential work, along with commercial and military when needed. The team works all over Texas, with 70% of their work being done in Houston, 20% in San Antonio, and 10% in Dallas. Services vary from complete home remodels and home additions, to maintenance, repair, and interior design. The owner’s position has been designed to be strictly part-time operations and financial work.
Assets include $261k worth of equipment, $124k in vehicles, $180k in A/R, and $210k in work-in-progress. The 4,200 sq. ft. warehouse, ½ acre equipment yard, and 2,500 sq. ft. office building currently used is available for sale or lease, separate from the sale of the business.
Priced at $990,000, a down payment of $123,750 returns $214,318 in the first year after debt payments – a 173% return on investment! The current owner is willing to stay on for 6 months to 1 year, if desired. Growth opportunities include expanding into business to consumer residential projects as well as taking on more governmental commercial contracts.
Real Property Included
4,200 sq. ft. warehouse; 1/2-acre equipment yard; 2,500 sq. ft office building (3 offices, 15 workstations, conference rooms, etc.)
Take on more governmental commercial projects
New non-competing endeavors
Purchase Price: $990,000
12.5% Buyer Down Payment $123,750
12.5% Seller Financing or Equity Roll $123,750
75% Bank Loan $742,500
A 12.5% down payment of $123,750 returns $214,318 in the first year after debt payments!
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