Home services business for sale in Central, New Jersey
Concrete raising service for both home and business/commercial markets. Services include mudjacking for lifting and leveling concrete slabs of any size, grinding, repair, and limited replacement of concrete, and most recently, the repair of bowed and cracked basement foundation walls with carbon fiber strapping and epoxy injection.
Profitable, well established, 18 year specialist in concrete raising. Concrete Chiropractor® is trademark protected and registered with the U.S. Trademark Office. It has earned an enviable reputation as the experts in raising sunken concrete, and remains unparalleled in its customer service. Successful marketing of the business name and its processes has expanded business services into other markets through business licensee opportunities without the complications associated with franchise ownership. Concrete Chiropractor® can be added seamlessly as an additional service to most existing service or construction related businesses. Overall, there is limited competition.
We are currently expanding Concrete Chiropractor® into neighboring markets. We are looking to assign our successful, well-established Northern/Central Jersey market to a qualified individual or business.
Key financial facts and forecast
Since 2015, net income has consistently been around 46.6% of total sales. Seller’s discretionary income (SDE) adds back discretionary expenditures to tax return net income for the year; since 2015, SDE has consistently been about 5% more than net income
Sales growth is forecast to be higher year after year as more business/commercial work and additional services such as basement wall repair are added to the job base.
Reason for selling
We are currently expanding into neighboring markets. We are looking to assign our successful, well-established Northern/Central Jersey market to a qualified individual or business.
Required buyer qualifications
Background or direct industry experience is helpful, but not necessary, to run this company. The ideal licensee will have strong people and management skills, along with basic construction and mechanical skills.
The licencor requires an advance royalty and ongoing royalties as part of the licensing agreement. An advance royalty is a flat sum paid at the start of the agreement to ensure the licencor receives something for sharing trademark rights. An advance royalty of $289,000 is required, with ongoing royalties negotiable.
Potential buyers must obtain a pre-qualification letter from a lender and sign a non-compete/non-disclosure agreement prior to discussing business methods or financial information.
Central, New Jersey, US