HOME REPAIR & RENOVATION SERVICE FRANCHISE
Seller:
Attn:
Ralana Shelley
Location:
Northern Indiana, IN, USA
Listing Number:
"H-N674-RS"
Overview:
Franchise providing residential and commercial property maintenance, repair, and remodeling services. The business offers services such as carpentry, painting, as well as drywall installation and repair to name a few. Their remodel services include everything from bathroom remodeling to basement finishing. The company provides specialized services as well, such as senior and handicap installation and installation of a company gutter protection system.
For 2007, the business had gross revenue of $269,171 and cash flow of $82,388.
Besides the current owners, there are 3 full-time Handyman employees and 2 parttime for seasonal and as needed work. With exception of the current executive management, it is not anticipated that there will be any employee turnover resulting from the sale.
The business is run out of the owners home, and is easily relocatable. The equipment is in good to excellent condition. A detailed schedule of assets to be
included in the sale is available upon request.
The current owners have family and other personal issues, and wish to free up time to focus on other interests. The seller is willing to train and transition the Purchaser for a mutually agreeable period immediately following closing to ensure a smooth and seamless transition.
Price does not include $3,000 transfer fee to Franchisor, as well as minimal start up package fees. Royalty fees of 6 % for labor and 5% for gross sales and advertising fees of 2% of gross are due weekly, with a $150 software licensing fee due annually.
The purchase price does include inventory valued at the sellers cost. The Seller will consider financing a portion of the sale with a substantial downpayment.
Property Features and Assets:
Home Based.
Additional Details:
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