Local Northeast Arkansas Residential Repossession/Maintenance business for sale. This business consist of maintaining repossessed properties in the Northeast Arkansas area for National Mortgage Companies. Maintaining these properties consist of Mowing, winterizing, Lock Change, Minor repairs and Health/Safety abatement. It does not require performing any ''rehabbing'' or major repairs, although that sector of the industry is closely related and could easily be incorporated if desired. Current contracts in place for mowing 150+ properties twice a month(300+ cuts per month) from April 1st 2012-October 31st 2012. We are currently a ''Preferred Vendor'' for a major national contractor so the mowing contract is automatically renewed yearly without review as long as quality standards are meet. This business can easily be ran from any home(reducing overhead). And is ideal for a couple looking to be there own boss. It is currently ran by my wife and I and one full time+ employee. THIS IS NOT A SCAM or GET RICH QUICK INFOMERCIAL SCHEME. This is a local, real life business I can show in action today!
This business is ''Turn Key'' and is in current operation(and will remain in operation until sold) with Contractors Licensing, General Liability Insurance($1M), Errors and Omissions Insurance($1M), Commercial Automotive Insurance($100K) all inplace and current. ''Infinite end'' contracts are in place with work coming in daily. This business produced $200k+ total income(which was approximately 27% higher then the total for 2010) in 2011 with a ''Paper'' profit margin of approximately 42% and a ''Real Life'' profit margin of approximately 50%. This business has the track record and contracts in place to easily expand into the Memphis and Little Rock market which could easily result in $1.5M+ annually, I just never had the desire to expand the business to that potential, even though it could very easily be done.
IRS Income statements, Financial statements, and any other paperw