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Opportunities

Property Maintenance & Repair: 60% Govt. 40% Commercial

Very Low CapEx and Over $2 Million of WIP!

CASH FLOW
$602,065

Specifications

  • Price
    $1,500,000

  • Revenue
    $3,556,326

  • Equipment
    $174,580

  • Down Payment
    12.5%

  • Service Area
    They primarily work in the Houston (85%), San Antonio (10%), and Dallas (5%) areas.

  • Employees
    10: 1 Admin Assistant, 1 Office Manager, 1 PT Network/IT, 1 Operations Manager, 2 Estimators, 1 Superintendent, 1 Residential Supervisor, 1 Federal Contracting Assistant, 1 Bookkeeper. They also have 6 field crews, with 1-2 men per truck. If needed for out of Houston clients, they will contract extra labor with in house supervision.

This property maintenance and repair business currently has over $2 million of signed contracts on their work in progress list! Their services include maintenance, renovation & light remodeling, repairs, and rehab work. 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. 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. 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. The owner currently works part-time, primarily handling oversight of operations & reviewing of financials. To ensure a smooth transition of ownership, establish his stake in the ongoing success of the business, and as a show of good faith, the current owner has not only offered a one-year transition and/or training period, but has offered a seller carry rate of 12.5%.

 

Priced at $1,500,000, 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.  

Purchase Price:

$1,500,000

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Years
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Bank Loan Needed: $

Years
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Funding Details

Business:

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: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
2021 Cash Flow
$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
2021 Cash Flow
$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.