LIFETIME GREEN COATINGS
FRANCHISE FOR SALE IN SUFFOLK COUNTY, NEW YORK
List Price: $295,000 USD
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INTRODUCE ME TO THE SELLER
Annual Gross Revenue:
$750000
Annual Net Profit:
$100,000 - $150,000
Value of Inventory:
$25,000 - $50,000
Value of Assets:
$100,000 - $150,000
Business Category:
Home Services
Business Operates From:
My Home
Year Established:
2024
Seasonal Business:
No
1-3 Months
TRANSITION SUPPORT
Somewhat
PRICE/TERMS
FLEXIBILITY
Part-time
OWNER INVOLVEMENT
SUMMARY
Eco-friendly concrete coating for indoor, outdoor, commercial and residential use. The only floor coating franchise on LI serving All of Nassau and Suffolk County. Built from 0 to managing upwards of 10 leads daily and performing work in garages, basements, patios, warehouses, kennels, and barber shops to name a few. We perform custom design design and flakes as well as install company logos on the floor for a one-of-a-kind floor. Lifetime warranty for residential installs with great referral business. This is a great add-on for painters, home restoration, and handyman companies looking for additional revenue streams leveraging the existing workforce. The team is certified and is included in the sale.
PHOTOS
FACTS
Part-Time Employees:
1-5
Full-Time Employees:
1-5
Total Employees:
Less Than 10
Timeframe for sale:
Immediate
Total Approx. Monthly Rent:
$2,000/month
Lease Expiration:
4-2025
DESCRIPTION
DAY-TO-DAY INVOLVEMENT
Currently involved in the daily sales and marketing of the services as the main sales lead and partner is pursuing other interests and part of the reason for listing the business for sale. The owner has experience in all aspects of the job from quoting, selling, and installing, though currently focused on the sales and marketing portion today.
FRANCHISE BRAND ACCOLADES AND AWARDS
Fastest growing franchise in 2024, working on LEEDS certified product.
ASSET DESCRIPTION
All grinding gear & HEPA vacuums (Wolf Pack 20" floor grinder, Vacuum system), 18" swing arm floor sander/polisher Generator (18 kW Generac low hours) New 6 x 10 fully wrapped trailer, Ford transit Connect wrapped company van, all inventory (3 hand grinders, 3 vacuums, 90+ 18" rollers, 9" rollers, 4" rollers and cages, heated and cooled warehouse where cars are stored with Internet & security)
INVENTORY DESCRIPTION
Currently, sufficient inventory to generate approximately $100k of revenue prior to restocking. Includes base coats, flakes mixes, top coats, brushes, rollers, cleaner, quartz, and marketing materials and giveaways.
ADDITIONAL INFO
Due to current personal issues and the loss of a partner, need to sell the business at its inflection point. Based on FDD models, it is in progress to meet target goals within specified time frames.
BONUS MATERIAL
WHY I LOVE MY FRANCHISE
It is unique and has very LITTLE competition in the space. The support team is great, and they are always looking to add new technology and be relevant. Have direct access to the Franchisor COO & CEO, and they have launched their new metallic finish process that allows the product to be used in showrooms and can be sold at a higher price than the standard franchises. They do have monthly team calls and annual retreats to get all the owners together to help bridge and cross-pollinate what is working and not working in different markets.
REASON FOR SELLING
My business partner, who was going to take the business and sales lead, is pursuing other interests and has already left. I have aging parents abroad that I need to attend to. Since I can not give it the required attention for it to achieve its full potential, it's best I sell it.
GROWTH OPPORTUNITIES
There is enormous growth in the commercial space. In the few short months I have launched, I have bid close to $1M in commercial projects with an average size of 20k Sq ft @ $250k each. Landing a single project of this size would exceed the FDD targets, where their primary market is the residential home builder. The team is well-trained and ready to take on these projects. I see a 1+1 = 3 opportunity for those existing home service businesses looking for a new revenue stream, i.e., power washing, painters, paver sealing, etc. as customers often are looking for concrete coating too and don't know where to turn to, especially in the Long Island market.
Some
SELLER FINANCING AVAILABLE
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