Specialized and Growing Multi-Family Property Service Provider
Price: $7,000,000
Location: Charlotte, NC
Industry: Other Services (except Public Administration)
Listing ID: 8082021
Listing Status: Under Contract
Presented by NewLeaf is the opportunity to purchase a multi-family property service provider with a proven and repeatable growth model. YoY Sales up 140%+. This Company was established in response to the need for quality work customer service for higher-liability maintenance items in multi-family properties, specifically dryer vent cleaning and inspection, gutter cleaning and fireplace and chimney inspection.
To increase efficiency, the Company developed a patent-protected tool that is used by service technicians for dryer vent cleaning. This tool has increased the velocity of jobs completed while simultaneously reducing costs.
This business originated in Charlotte, NC, and has expanded throughout the Southeast and into Texas, where it is currently headquartered, and is currently establishing presence in the Midwest. High margins and a tremendous growth potential make this a strong acquisition target for both strategic buyers and investors alike.
Total Sales: $2,600,000
Cash Flow: $1,400,000
FFE: $200,000
FFE Included: Yes
Year Established: 2019
Employees: 14
Facilities Information: The business is operated as a home-based business in all present markets. (Home Based)
Training & Support: The existing management team is open to an extended transition cycle or even strategic partnerships. They're committed to a transition plan that positions the business for future growth and success.
Potential Growth: Revenue growth in 2022 was a result of the Company’s successful expansion into new markets beyond its existing Charlotte and Atlanta markets into TN, FL and GA. For 2023, revenue is expected to grow 2-3X.