Project Management for Franchisee Remodeling – No Self Performed Labor
Remotely Operated Tenant Improvement Construction!
This business specializes in remodel and mercantile work for strip centers, warehouses, and distribution centers. This remotely operated commercial remodel business is working for repeat, long tenured clients across the United States such as Leslie Pools and Michaels! There is a strong backlog for 2023 and with this business model of not self-performing any of the labor, the capex is very low! With their clients and contractors being across the country, plus having no physical location, this business is fully relocatable! The full-time W2 staff consists of 2 employees, 1 office administrator and 1 supervisor. Additionally, they have a multitude of 1099 contractors that have been vetted and have worked for the company previously and can be called upon for projects as they come available in their specific area. Established in 1993, this business has an industry leading reputation in their field and currently has no marketing services in place due to their high levels of repeat customers and referral-based work. The current owner of this establishment handles project oversite and client relations. He is looking to retire, but to make the transition process as easy as possible, he has offered a training period of up to 1 year for a new owner.
Priced at $1,400,000, a 10% down payment of $140,000 returns $244,434 in the first year after debt payments! A 175% return on investment! This business would be an ideal opportunity for a new entrepreneur looking to buy a business with tenured established, no equipment needed, and the owner is willing to carry 20%. This could also be a good fit for a strategic buyer wanting to expand their geographic client base or expand into the commercial space. Either way, with their long-standing reputation for customer service and flexibility, extensive growth opportunities, and streamlined operation this business has an excellent foundation to expand upon.
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $
% of Purchase Price
Desired Loan Type:
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $
Total Undercollateralized Loan: $
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Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
3 Year average Cash Flow
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Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
3 Year average Cash Flow
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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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