Contact: Miles Greengard
Email: [email protected]
Your Reference ID: MI1100119
It has been a great 15 year run for the owner-operator of this successful West Michigan business doing home inspections, water testing, septic and well flow evaluations, pest inspections and the like. He has now reached a point in his life where he wants to pursue his dream vocation in a totally unrelated, non-competitive endeavor. His decision could be your opportunity.
With no employees and an exclusive West Michigan marketing area of 1,000,000 people, this business has been operated as home-based which can be managed from either the buyer’s home or a small office.
With consistent annual revenues averaging $160,000, the seller feels there are significant untapped growth opportunities and territory expansions which the seller admits to not having pursued. The company generates business from exclusive contracts with a number of local realtors, referrals from satisfied customers, and the company’s website.
Over the past several years, the business has had an average annual SDE (the historical cash flow available to pay an owner-operator and service debt) of $85,000. The business is being offered at the attractive price of $119,000 which is an aggressive 1.3x multiple of the last two years annual $90,000 SDE. The $119,000 price tag includes (a) $10,000 (+) of serviceable equipment; (b) the goodwill of the business; and (c) ample post-close transition training to suit the buyer’s needs. In addition, for a qualified buyer the seller will (a) offer a seller note of 20% of the sale price, and (b) consider non-traditional deals. The seller contemplates an asset sale in which he retains cash and A/R while retiring all liabilities.
To learn more about this unique business opportunity, please contact Miles Greengard (616-350-8760 or firstname.lastname@example.org)
Location(s): West Michigan
Asking Price: $119,000
Cash Flow: $85,000