George & Company

UNDER AGREEMENT - Essential & Recession Proof Business Opportunity  #15639

Seller Financing Available

 

Asking Price: $530,000

Cash Flow: $252,453

Gross Revenue: $1,283,173

Inventory: $90,000

Real Estate: $260,000*

Established: 1958

*not included in asking price.

Business Description

This unique business has been operating for 62 years and is a residential home services provider with Trademark® Product-Lines. It has been designated as an “Essential Services Business” during the current National and State Emergencies. Demand for its services continues, all employees are working normal schedules, and cash flow for Q2 2020 is comparable to Q2 2019. Revenue and profit forecasts are strong for the remainder of the operating year (Sep 30). The company has very strong assets including six service vehicles, intellectual property and long-term, loyal employees (average tenure, 17 yrs.). This is a turn-key business with the owner committed to assuring a successful and seamless transition.


It has come to our attention the SBA Debt Relief Program may cover the first six principal and interest payments on behalf of the borrower for SBA 7a loans. The payment is a subsidy, not a deferment, and is eligible for new 7a loans closing between March & September 2020.


Attached Documents

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Detailed Information

Location: Worcester County, MA

Inventory: Included in asking price

Real Estate: Owned / Not included in asking price.  Additional $260,000

Building SF: 7,152

Employees: 8

Facilities: 7,152 sq. ft. light industrial facility is available for sale with the business for an additional $260,000.

Financing: Possibly some Seller financing for a well-qualified buyer

Support & Training: Seller supports transitional training to aid in a smooth transition.

Reason for Selling: Retirement

Contact: Chip Emerson

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  


Looking for More Information?

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