Great Knoxville Area Home Service Franchise Resale - Owner Retiring
Business Description
Turnkey, Home Based, Lifestyle Biz with High Growth Potential
--> Great Design-Oriented Home Services Franchise Resale in Booming Knoxville, TN! Great low/no employee model with little to no inventory required. Sell, collect a deposit for the job (the buyer's deposit pays for the high-quality materials needed for the job), and have a 1099 contractor install the items.
--> Home Based! The franchise operates out of a mobile showroom and is considered a lifestyle business. You set your own appointments and operating hours, giving you maximum flexibility and freedom.
--> Owner is retiring and proud of what he has built and wants a successful transition to a new owner. Over 100 5-star Google reviews!
--> In addition to the large territory that goes with the business, this location is the sole franchisee in the Greater Knoxville area, allowing for limited competition and a wide working area outside of the existing territory.
--> Owner has deliberately kept the business as an owner/operator model where the owner does the marketing, sales, and has a 1099 contractor do the installs. The existing contractor desires to continue working with the new owner. This model allows a new buyer options to keep the overhead low as the sole employee or hire a sales and marketing person to grow the business.
--> A great opportunity to be your own boss as sales and earnings have been steady with a 3-year average annual revenue at $300k+ and a 3-year average SDE (seller discretionary earnings) over $85k.
--> The listing price is for one large territory and the seller is paying the franchise transfer fee. The franchisor requires the buyer to undergo training and purchase or lease a wrapped vehicle. Additional training, office equipment, and miscellaneous items may be required from the franchisor.
--> Request information, and we will send you an NDA and Buyer Info sheet that can easily be filled out and signed online in a couple of minutes. Once completed, we will give you a call and discuss this opportunity with interested parties and connect you directly with the seller and franchisor.
* Image shown may be a stock image and may or may not be representative of the business being sold.
--> Home Based! The franchise operates out of a mobile showroom and is considered a lifestyle business. You set your own appointments and operating hours, giving you maximum flexibility and freedom.
--> Owner is retiring and proud of what he has built and wants a successful transition to a new owner. Over 100 5-star Google reviews!
--> In addition to the large territory that goes with the business, this location is the sole franchisee in the Greater Knoxville area, allowing for limited competition and a wide working area outside of the existing territory.
--> Owner has deliberately kept the business as an owner/operator model where the owner does the marketing, sales, and has a 1099 contractor do the installs. The existing contractor desires to continue working with the new owner. This model allows a new buyer options to keep the overhead low as the sole employee or hire a sales and marketing person to grow the business.
--> A great opportunity to be your own boss as sales and earnings have been steady with a 3-year average annual revenue at $300k+ and a 3-year average SDE (seller discretionary earnings) over $85k.
--> The listing price is for one large territory and the seller is paying the franchise transfer fee. The franchisor requires the buyer to undergo training and purchase or lease a wrapped vehicle. Additional training, office equipment, and miscellaneous items may be required from the franchisor.
--> Request information, and we will send you an NDA and Buyer Info sheet that can easily be filled out and signed online in a couple of minutes. Once completed, we will give you a call and discuss this opportunity with interested parties and connect you directly with the seller and franchisor.
* Image shown may be a stock image and may or may not be representative of the business being sold.
About the Business
- Years in Operation
- 8
- Employees
- 0
- Currently Home Based
- Yes
- Franchise
- This business is an established franchise
- Facilities & Assets
- This is a home-based franchise with no expensive retail leases required. The seller has traditionally received inventory at his home and has also rented a small self-storage bay for additional inventory and marketing materials for $180 per month.
- Market Outlook / Competition
- Typical market competition. The franchisor has a great ordering system that allows the franchise owner to order from multiple vendors at one time as the job is entered into the system saving a ton of time and hassle!
- Opportunities for Growth
- Great opportunity to keep the business small or expand by growing into more commercial / industrial segments. Presently, the owner is doing approx. 90% residential / 10% commercial. The current owner is the only franchisee of this system in this market and allows the franchise to sell outside of their territory. The franchisor is open to selling additional exclusive expansion territories as well.
About the Sale
- Seller Motivation
- Retirement
- Transition Support
- The seller is willing to stay on for a period of time to help transition the new buyer. In addition, the buyer will attend training at the franchisor (buyer pays travel expenses). The seller is paying for the franchise transfer fee and for the buyer to receive a new starter package ($21k value).
Listing Info
- ID
- 2390762
- Listing Views
- 409
Listing ID: 2390762 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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