8003-11274 Profitable Nat'ly Recognized Garage Door Sales/Install/Rep...

Undisclosed Address, Washington
Business Opportunity for Sale
Catylist Listing ID: 29842278
Property Subtypes: Building and Construction Services
Building Size (RSF): See Agent
Sale Price: $137,000
Franchised Business: Yes
Year Business Established: 2011
Gross Revenue: $525,686 (Annual)
Cash Flow: $60,715 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 8/1/2017

Overview / Comments

This is an exceptionally well run, profitable, nationally recognized, Garage Door sales, installation and repair company. The staff is professional, well trained, highly skilled and has a vested interest in the continued success of the company. Current owner has done an outstanding job executing his business plan, marketing plan and sales plan. Dress code and performance management standards are in place. Sale includes territory in Eastern Washington, Northern Idaho and portions of Western Montana.

Additional Details

Industry Segment: Other Services
Reason for Selling: Owner is moving to another state.
Value of Inventory Included ($): $4,000
Value of Furniture, Fixtures, and Equipment ($): $36,861
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Excellent location to serve all three geographic market segments. Current lease is month to month and includes 400 sq. ft. of office space, 4 auto spots, dumpster and warehouse space.
Employee/Labor Description: 2 FT. Monday-Friday 7am-1pm
Mgmt/Training Support Description: Will train for 2 weeks @ no cost. Garage Door Openers, Garage Door Repair and some Overhead Door installation for residential customers. Business Licenses required for Washington, Idaho and Montana. Prior experience in the construction industry will be helpful. Skills in employee management, financial management, and sales and marketing are a plus.
Competition/Market Description: There are only two competitors of note in the area. However the name recognition of this nationally recognized brand coupled with the support offered by the Franchisor and its call center provide the owner of this operation with distinct advantages over the competition.
Growth/Expansion Opportunities: The potential for growth is excellent. Current owner works 20 hours per week and conducts morning meetings with the two technicians on staff. He also handles sales calls, customer calls and scheduling if needed (the call center handles most of the scheduling). The current owner has not fully developed the Northern Idaho and Western Montana portions of the market. A new owner working full time in the business could increase market share and dramatically increase revenue and bottom line profit by developing the Northern Idaho and Western Montana portions of the market the Company owns. Employing additional marketing tactics, adding a sales person, working trade-shows and developing strategic partnerships with local builders to garner market share in new construction will also help grow the business.

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