General Business Information
Listing ID:
4110-00436
Listing Type:
Exclusive Right of Sale
Price:
$699,000
Down Payment:
$500,000
Category:
Construction
Subcategory:
Handyman Service
County:
Bay County
State/Prov:
Florida
Sales:
$1,414,646
SDE:
$348,174
Description of Business
This is a unique opportunity to acquire a well-established handyman and painting business with a strong reputation for quality work and customer trust that has served it’s community since 2017, and generated gross revenue in excess of $1.3M in 2023.
Located in the Bay County area, the business offers total home remodels, interior and exterior painting, decks and fences, fascia and soffit repair, custom tile and bathroom remodels, minor plumbing and electrical repairs, as well as installation of kitchen cabinets, plus a range of smaller jobs.
There are 15 staff in place, including a foreman, and the business typically has over 25 jobs on their books at any one time, ranging from large remodels through to small handyman jobs.
The current owner is looking to retire but will provide two weeks of training at no cost to the buyer to ensure a smooth transition and introduce the buyer to the regular customers that the business has.
The business has an excellent reputation, with great online reviews, and is known throughout the area for the quality of their work. There is scope to grow the business further through an increase in advertising and social media presence within the local area.
Seller Financing Available:
Amount - $199,000
Term - 60 months
Rate - 8%
Monthly - $4,035
Listing Details
Location:
Bay County
Organization Type:
'LLC'
Hours of Operation:
Mon-Fri 7.30am to 5pm
Years Established:
7
Years Owned:
7
Employees FT:
13
Employees PT:
2
Managers:
0
Amount of Hours Owner Works:
35
Is Relocatable:
Yes
Is Home Based:
Yes
Is a Franchise:
No
Is Lender Pre Qualified:
No
May Qualify for a Visa:
No
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2024
$1,414,646
$254,118
$1,160,528
$890,353
$270,174
$78,000
$0
$0
$348,174
2023
$1,308,012
$0
$1,308,012
$4,679
$156,387
$280,447
Assets Included in Sale
FF+E:
$3,500 Included
Total Assets Included:
$3,500
Summary
Reason for Sale:
Retirement
Training and Support:
Two weeks at no cost to buyer
Non Compete:
5 years / 25 miles
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00436
Listing Type: Exclusive Right of Sale
Price: $699,000
Down Payment: $500,000
Category: Construction
Subcategory: Handyman Service
County: Bay County
State/Prov: Florida
Sales: $1,414,646
SDE: $348,174
Description of Business
This is a unique opportunity to acquire a well-established handyman and painting business with a strong reputation for quality work and customer trust that has served it’s community since 2017, and generated gross revenue in excess of $1.3M in 2023.
Located in the Bay County area, the business offers total home remodels, interior and exterior painting, decks and fences, fascia and soffit repair, custom tile and bathroom remodels, minor plumbing and electrical repairs, as well as installation of kitchen cabinets, plus a range of smaller jobs.
There are 15 staff in place, including a foreman, and the business typically has over 25 jobs on their books at any one time, ranging from large remodels through to small handyman jobs.
The current owner is looking to retire but will provide two weeks of training at no cost to the buyer to ensure a smooth transition and introduce the buyer to the regular customers that the business has.
The business has an excellent reputation, with great online reviews, and is known throughout the area for the quality of their work. There is scope to grow the business further through an increase in advertising and social media presence within the local area.
Seller Financing Available:
Amount - $199,000
Term - 60 months
Rate - 8%
Monthly - $4,035
Listing Details
Location: Bay County
Organization Type: 'LLC'
Hours of Operation: Mon-Fri 7.30am to 5pm
Years Established: 7
Years Owned: 7
Employees FT: 13
Employees PT: 2
Managers: 0
Amount of Hours Owner Works: 35
Is Relocatable: Yes
Is Home Based: Yes
Is a Franchise: No
Is Lender Pre Qualified: No
May Qualify for a Visa: No
Financial Information
INCOME PERIOD, Year: 2024
GROSS SALES: $1,414,646
– Costs of Goods Sold: $254,118
= Gross Profit: $1,160,528
– Total Expenses: $890,353
= Net Before Taxes: $270,174
ADD BACKS
+ Owner(s) Salary: $78,000
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation:
+ Other :
TOTAL OWNER BENEFIT: $348,174
INCOME PERIOD, Year: 2023
GROSS SALES: $1,308,012
– Costs of Goods Sold: $0
= Gross Profit: $1,308,012
– Total Expenses:
= Net Before Taxes:
ADD BACKS
+ Owner(s) Salary:
+ Benefits:
+ Interest Expense: $4,679
+ Depreciation:
+ Other : $156,387
TOTAL OWNER BENEFIT: $280,447
Assets Included in Sale
FF+E: $3,500 Included
Total Assets Included: $3,500
Summary
Reason for Sale: Retirement
Training and Support: Two weeks at no cost to buyer
Non Compete: 5 years / 25 miles
LISTING BROKER