Up to 90% SBA financing available to qualified buyers!

With a desirable and expansive territory, this Company provides comprehensive waterproofing and home maintenance services for both commercial and residential properties. Within its operational area, the company boasts the #2 position in market share, supported by its licensed and protected territory.

The Company’s extensive range of services include basement waterproofing, foundation repair, crawl space repair, exterior drainage solutions, basement window replacement, egress window installation, and indoor air quality solutions.

In recent years, the company has seen a significant growth, generating revenue of $598,732 in 2021, $945,366 in 2022, and achieving a trailing twelve-month (TTM) revenue of approximately $1,000,000 in 2023.

With a favorable SDE multiple of 2.7x, the business is attractively priced at $399,000, less than a 3x SDE multiple. The seller envisions an asset sale in which he retains cash and A/R while retiring all liabilities. For a qualified buyer the seller will carry a meaningful seller note.

A typical deal for the purchase of the business looks great with $40,000 (10% of purchase price) buyer cash, a matching $40,000 seller note (over 5 years), and the balance financed by an SBA 7a term loan. Total annual debt service will be approximately $58,000 which would have resulted in a post-debt discretionary cash flow for the buyer of $90,000 averaged over the past three years.