Year on year this business continues to grow, despite the economy and the owner not wishing for it to get any bigger. He has had the business for around 15 years and is ready to ‘hang up his boots’ and hand over the business to someone with a bit more energy.
The business is home based business which keeps expenses low. A national supply deal means they can pick up product locally, wherever they are working.
Operating with 3x full-time staff and one working owner. The owner is not ‘on the tools’. He manages the quotes and makes sure jobs are running efficiently and have all the need to complete the work.
A steady stream of work comes from many building companies and businesses for who they have become the ‘go-to’ installer.
There is a part of the business that the owner says is currently ‘lying dormant’ as he doesn’t have the time or staff to include it. This is ventilation and ‘blow-in’ insulation. The business has the Pumping machine. A new owner will just need to employ more staff and get that side started to increase turnover and profit even more. With a lot of older houses in Hawke’s Bay, replacing windows with double glazing is common and this would be a good time to get their walls insulated as well. A bit of advertising would go a long way.
Good relationships with Property managers, one client has 70-90 properties. Additional work like basic internal painting is sometimes asked for by the Property Manager and the business team will help. Healthy Homes inspections is also another ‘add-on’ that is being done. With the prospect of this perhaps becoming an annual requirement, it opens up another small revenue stream. Other additional maintenance for Property Managers is there if you like.
The time has come to pass this great home-based independent insulation business onto a new owner. It has good income and a good return to a working owner. All contacts are in place and this will make for a smooth and seamless transition.
Homes will always need insulating, property managers are always going to need to maintain their properties – great business, so much scope to diversify and grow.
Full training will be provided by the out-going owner. He says 'it is an easy business to learn'.
Price $295,000 (includes stock $10,000)
Cathy Thomson, 027 592 6600, [email protected]
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
#buyabusiness #insulation #hawkesbay
