 |
Business Sales
|
Individual Business Listing
Certified Home Warranty Inspection and Services Provider
County: Riverside, CA
BusinessQuest ID: 24007
Contact: Ron Varner, (310) 200-5680
County: Riverside, CA
BusinessQuest ID: 24007
Contact: Ron Varner, (310) 200-5680
|
Financial Summary
|
General Information
|
|||
|
Price:
|
$3,800,000 |
Financing:
|
Yes | |
|
Down Payment:
|
$3,800,000 |
Year Established:
|
2020 | |
|
Sales:
|
$3,500,000 |
# Employees:
|
37 | |
|
Cash Flow:
|
$980,000 |
Facility Size:
|
700 sq. ft. | |
|
Inventory:
|
$0 |
Training:
|
4 weeks | |
|
Inventory Included:
|
No |
Reason for Sale:
|
Retirement | |
|
FF&E:
|
$0 | |||
|
Monthly Lease:
|
$2,039.00 | |||
| Business Summary Contact business broker for more information regarding this Specialty Contractor Services Business servicing new home builders in the Inland Empire in California. New home builders in California are required to provide home warranties for workmanship, systems, and structural issues for up to 10years depending on the defect.. Most builders outsource their warranty repair needs and this business provides those repair and warranty service’s needs; and is certified for providig these services Customers include over 25 home builders, including the major residential building contractors in the Inland Empire. Sales/Revenues are repeat sales from these customers. The business enjoys a stellar reputation for its quality and service. In addition to providing warranty services, the business participates in the final inspection of a home before the buyer walk through and provides whatever construction and finish needs that are detected. The business has been very profitable since its inception and is a high gross profit low overhead business. And, the business has very few if any competitors The Business operates from an office in in Southern California and most employees are long term. While new homebuilding in California is expected to be flat for next several years, the Inland Empire is expected to continue its excellent growth in new residential home building and be one of the strongest areas for new home building for the rest of this decade. In addition, the time nature of home builder warranties has created an extensive potential backlog of business for this business. The business can easily expand sales with existing customers by offering services additional counties such as Orange and San Diego Counties. All of the assets of the business are for sale with exception of cash and accounts receivables. The operating / owner is retiring but will assist new owners in transitioning the business. Disclaimer BusinessQuest™ (“Broker”) has made no independent investigation or verification of any representation, warranty, document, or information presented by the seller herein. Prospective buyer is responsible for their own independent investigation with respect to such items and is advised by Broker to do so and to obtain the appropriate counsel from legal, accounting and other professionals concerning this business opportunity. BusinessQuest™ |
||||