Hi all, I am actively searching for a business to purchase. Over the months I have organically built some strong relationships with business owners who are ready to sell and have asked me to help them make introductions to potential buyers. The below business is not a fit for my search, but wanted to post on here as it is a proprietary opportunity and a nice fit for a searcher looking in residential services in the Northeast. Please message me if interested in the below.
Profitable residential chimney & fireplace services business exploring exit options. The business performs non-discretionary repair services that must be completed for safety purposes (60% of revenue); routine cleaning and inspection services (20% of revenue); and installations of new fireplace units (20% of revenue).
The current owners are serial entrepreneurs and have grown this business to $2.4m of sales in just two years. They have assembled an outstanding team and implemented automated systems that are necessary to scale. They have built a market leading online presence with 360+ reviews on Google with a 4.8 rating. The owners have begun focusing more on maximizing profit and less on top line revenue growth, but a new owner / operator could further drive profitability while maintaining a steady growth rate. The current owners have accomplished their goal in building one of the top brands and teams in the area, while also eclipsing their initial goal of $2m of sales. They are now exploring a sale so they can focus on building their next business.
12 Employees, including a General Manager that runs the day to day operations. 5 CCP certified technicians and apprentices. 360 Reviews on Google 4.8 rating 4500 Sq Ft Showroom State Licensed and Certified 9 Vehicles $2.4 Million in revenue in 2021 / $400k of SDE Finances managed by a professional bookkeeper and CPA New owner does not have to work in the field. Currently the business sustains 2 owners’ salaries and expenses. Owners are willing to stay on for a transition period and are open to a reasonable amount of seller financing Multiple areas for growth::
- Current office has a room built specifically for training and education of new technicians. Next step could be setting up new territories and using the same marketing system and operations strategies used to develop the current location.
- Focus on recurring subscription service of chimney and dryer vent cleanings to avoid potential fires