Business For Sale - Structural Repair

Retail-Commercial for Sale
Catylist Listing ID: 30824944
Building Size (RSF): 100,000 SF
Gross Building Area: See Agent
Sale Price: $356,000
Unit Price: $3.56 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: STRUCTURAL REPAIR & WATERPROOFING
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2022

Overview / Comments

Well-established structural repair and waterproo?ng business started in 1984. The business currently has about $375,000 worth of work on the books for the new owner. The current owner works less than 20 hours a week at the business and is not involved in the day-to-day operations. A new owner could be more active in the business and further grow the topline sales. The business provides the following services: inside drainage, outside drainage, rebuilding foundations, ?oor replacements, helical piers, basement waterproo?ng, sidewalks, driveways and patio repair.

A new owner could expand the overall service territory or add more crews to grow the business. The current owners do no marketing and rely on word of mouth and referrals to drive business in. A new owner could update the website and start engaging customers on social media platforms that are currently not utilized by the current owners. Direct mailers to older homes or neighborhoods could help the grow the business further.

Own a well-established, local business
Located in Fort Wayne, IN
Gross revenue: $840,000
Cash ?ow: $220,000
FF&E: $132,000
Inventory not included
Employees: 3
Seller ?nancing available
Seller will provide a transition period

Additional Details

Nearest MSA: Fort Wayne
County: Allen
Tax ID/APN: 000000000000000
Zoning: COMMERCIAL
Retail Clientele: Business
Tenancy: Single Tenant
Parking Type: Structure
Zoning Description: Commercial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,085 85,620 170,599
Median Age: 29.04 31.7 34.52
Households: 5,940 32,460 67,447

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