Servicing & Maintaining for Parks, Municipalities, and B2B Rentals
Over $1.3M in current work in progress!
There is over $1.3M in current work in progress at this property maintenance & servicing company! 60% of their services are utilized by the military, parks department, and United States Fishing & Wildlife Services, while the other 40% of their client base is primarily made up of commercial real estate holding portfolio and multi-unit real estate owners. Their services include maintenance, renovation & light remodeling, repairs, and rehab work. Located in Houston, TX since 2004, they have a well-established team, including 1 Admin Assistant, 1 Office Manager, 1 Network/IT, 1 Operations Manager, 2 Estimators, 1 Superintendent, 1 Residential Supervisor, 1 Federal Contracting Assistant, and 1 Bookkeeper. They also have 6 field crews with 1-2 men per truck. The owner currently works part-time, primarily handling oversight of operations & reviewing of financials. Their location includes a 4,200 sq. ft. office building (3 offices, 15 workstations, conference rooms, etc.), a 2,500 s. ft. warehouse, and a 1/2-acre equipment yard.
Priced at $1,450,000, this business is primed for new ownership to step in and continue the business’s upward growth pattern, as well as see new growth by expanding marketing tactics and growing the business to consumer residential work. With the purchase, you would be getting $175K in assets as well, including crew vans/trucks, trailers, pressure washers, manlift, and everything else needed to continue to operate successfully. The current owner has offered both a training period of 1 year and a 12.5% seller carry to ensure a smooth transition and establish his stake in the ongoing success of the company.
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
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% of Purchase Price
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Total Undercollateralized Loan: $
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Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
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The amount of money the Buyer will retain as profit.
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Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
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Omaha, NE 68114
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