Absentee Owner Businesses For Sale

Established, multi-division fitness company based in the UAE boasts impressive organic growth, fueled by a debt-free model and partnerships with prominent government and international hotel entities. The business is run independently from the owners by a General Manager who will continue to stay on after the sale.

Despite the challenges of the COVID-19 pandemic, the company saw revenue of $6.0m in 2022, with an EBITDA margin of 28%. In 2023, revenue increased to $7.m with an EBITDA of $1.2m. The 2023 level of EBITDA margin is unusually low because the company had gone through a year of capacity growth and investment for one large project. In 2024 the EBITDA levels will normalize to around $2m.

Note: Both the annual revenue and the net cash flow numbers at the top of the page are represented by the company’s 2024 estimated numbers.

The company has achieved a long history of progressive expansion and delivering growth across multiple revenue streams. To date, the company has grown to 150 employees and more than 20 operational locations across UAE. Having multiple service offerings is beneficial because (a) it creates cross-sell opportunities and (b) attracts large organizations that want to offer a complete (rather than limited) set of services to their employees.

Revenue is projected to reach $10.5m in 2027E, with an EBITDA margin of 26%.

The owner is retiring and has multiple companies. He maintains the accounting and operational oversight, but his experienced management team has day-to-day autonomy. Key management in place makes this an easier transition for a new owner. The company can handle the entirety of any commercial and residential development in the respective trade. They have long-term customers and continue to add new clients.

License: The company holds a California General Building License.

Growth/Expansion Opportunity:   There are multiple avenues for growth within the businesses. The company is estimated to have only a 1% market share in the area/market segment it serves.

Equipment/Inventory/Vehicles:   As of 9/1/2023, the fair market value of equipment included in the sale is approximately $1.5MM. Inventory at normal run-rate business is minimal.

Real Estate: This business operates out of multiple owner-owned and leased locations. The sale of real estate holdings is negotiable, or favorable long-term leases may be structured. Real estate has an estimated value of $3.0MM subject to appraisal – purchase would be in addition to the price listed above.

Financing:  Credit facility – proof of funds, required to obtain CIM.

This business has been sold. Please view our other Real Estate Businesses for sale and other Services Companies for sale.  Contact us if you would like to sell your real estate business.

Very rare opportunity to purchase a highly profitable and independent Real Estate Investment company with $2M in revenue that can be run remotely and replicated in any real estate market in the world. Their success formula is an automated real estate property buying machine in one of the hottest industries (long-term and short-term) with little overhead that can be managed from anywhere. 33% of their sales come from their existing database.

This business has been sold. Please view our other home services and commercial services companies for sale. And, you can also view all of our Businesses for sale. If you are interested in selling your home services company please contact us for a confidential consultation.

This well-respected service business has been a Long Island staple for over 70 years. It provides prompt, professional, and courteous service and has been rewarded with an ever-growing and loyal customer base built almost entirely on word of mouth! The business practically runs itself, with the owner working only a few hours per week.

The company’s professional technicians have expertise in repair service on all makes/ models of appliances ranging from washers/dryers, ovens, stoves,  refrigerators, barbecue grills, etc. Specializing in luxury brand repair, the firm is the preferred authorized servicer for Viking, LaCornue, Lynx, Broan, and others and receives many referrals from both manufacturers and distributors. Recent technological upgrades implemented by management and ownership often facilitate same-day service, improving profitability while simultaneously enhancing customer satisfaction.

The business is both recession and pandemic-proof, as evidenced by its 35% growth year-over-year on topline numbers the last two years and an average bottom-line spike of 30%! Scaling is easily accomplished through expansion of geographical service area, advertising/marketing, and adding complementary offerings such as dryer vent cleaning, BBQ cleaning, and maintenance contracts. Completing this outstanding opportunity is a fleet of service vehicles fully stocked, a tenured office team committed to providing exemplary customer service, a professional, factory-trained technical staff, and an owner willing to stay on for an extended transition.

The company has been sold. Please view our other mental healthcare businesses for sale and contact us if you would like to sell your mental or behavioral healthcare business.

Accredited by CARF and licensed by the CT Department of Health to provide day and evening treatment for mental health and substance abuse and intensive outpatient services for mental health and substance abuse which include individual psychotherapy and medication management services. This facility also provides a value-added service of life coaching and furnished apartments to patients in its Extended Treatment Program (ETP) and as an option to patients in its day and evening day treatment programs. The ETP program has a capacity of 50. The facility has been approved to open a 6-bed residential therapy program. This will then allow an expansion of ETP capacity to about 55 to 60. IN-NETWORK PROVIDER WITH SEVERAL INSURANCE COMPANIES

Growth/Expansion Opportunity: This facility has received approval of its CON (certificate of need) application for a 6-bed residential therapy program. Upon opening the program at a CAPX cost of about $200,000 revenue is projected to approach $8 million with an additional net income of about $900,000. The facility has been selected and is approved for expansion. At present all facilities are leased.

CT State Approval: CT State CON; Change of Ownership (CHOW) and Licensing approval process identified and can be completed in 11 months – By Qualified Buyer 

Employees: Fully staffed (~35) and operated on an absentee basis by current owners. 

Reason for Sale: Retirement

Transition: The owner will provide a smooth transition. Key staff in place will remain post-sale for a new owner.

Financing: Bank Financing is available

This company has been sold, view our manufacturing businesses for sale. 

Semi-Absentee – Specialty Manufacturer & Distributor of Glass & Metal Products for the residential and commercial trades. Products are sold to Contractors and are manufactured to client specifications per order. Current industry trends indicate that this industry will have sustained growth for the next 5 to 10 years. The facility can handle more production with current equipment. Additional staff and additional shifts would be required to facilitate top-line and bottom-line growth.

Business and Real Estate package deal: $3,500,000

Employees: Fully staffed office – Outside Salesperson – and production employees. Owner responsible for A/R; A/P; Payroll; Hire/Fire; and executive management.

Real Estate: The building was constructed to support the manufacturing process. Total leasehold improvements and tenant fit-out for the facility was over $500,000. The building is a 12,000 sq ft facility with offices, and parking to support the business.

Equipment/Inventory: Inventory is valued at about $100,000 to maintain production capabilities. Vehicles are valued at $100,000, Factory equipment valued at $660,000; all included in the package sale.

Reason for Sale: Seller Retirement – age – no family members to take over the business

Price Allocation: $1,500,000 for the building and tenant fit-out to support the manufacture of the specialty products. $2,000,000 for the business; equipment, vehicles, inventory.

Financing: SBA eligible – Some Seller Financing possibly available

Transition: The owner will remain for an extended period of time to ensure a smooth transition.

Contact us to help sell your manufacturing business in Connecticut and throughout the US.

This business has been sold. Please view our other Powder Coating Businesses for sale and our  Manufacturing Companies for sale. Contact us if you would like to sell your powder coating business.

Established in the 90s, this profitable business has consistently been one of Maryland’s premier custom powder coating and finishing shops for the region’s top manufacturers and fabricators.  In addition, they have a retail client base that they turn a very good business with.  The company specializes in architectural, industrial, automotive, and retail coatings.

Semi Absentee Owner and SBA Approved.

As a custom job shop in a spacious facility, they can coat any metal parts up to 23′ long, in production runs from 1 part to 10,000.  This shop offers many different coating and finish options, including powder coating (poly, epoxy, urethane, fluoropolymers), thermoplastics, and TruAnodize finishes, among others.  Additional finishing services include sandblasting, burn-off services, custom masking, custom color matching, and multiple industry certifications such as PCI 3000 and AAMA 2604 coatings. They constantly strive to add services and finishes that can add value for their customers.

The Company’s spacious facility and large capacity production process can handle parts up to 20′ long and can accommodate production runs ranging in size from 1 part to 10,000.

The seller owns several businesses and is looking to streamline his holdings.  He currently works approximately 20 hours per week in this business. He is willing to support the transition for as long as needed.

This is an exceptional opportunity to continue the legacy of this innovative coatings company and to leverage a variety of strategic opportunities to fuel growth.

The company has been sold, view our other cleaning businesses for sale and our other general businesses for sale. If you’re looking for a profitable business run semi-absentee with reoccurring revenue, in the commercial cleaning space, well then you found it. The business provides commercial cleaning and building maintenance services to businesses throughout the state of NJ. Their services also include floor waxing, carpet cleaning, window washing, power washing, tile & grout cleaning, Additional services provided are selling paper supplies and handyman services. The company has multi Revenue streams to keep cash flow consistent, and allowing for tremendous growth opportunities. The existing team makes for a smooth transition.

Employees: 24

Facilities: This business is relocatable, as it services customers Thru throughout the New Jersey area.

Support & Training: The seller will assist in a post-transition process suitable to the buyer.

Reason for Selling: Retirement

Contact us to help you sell your cleaning business in New Jersey and beyond.

The company has been sold. Please view our other distribution businesses for sale.

First time offered for sale – after 20 years of business, the seller is ready to retire. This niche retailer of pet supplies operates out of retail and warehouse. This company is located in Litchfield County, CT selling retail, wholesale and online, selling pet food, pet supplies, pet accessories, and pet clothing.

• The store sells high-quality organic pet food – major brands
• The store also has its own proprietary brand that it has developed and is contract manufactured.
• The current owner operates absentee out of state.
• The store is currently fully staffed and run by the general manager, with 6 employees
• The general manager handles the day to day financials, employees, scheduling, product ordering, deliveries, etc.
• The sales volume is retail, internet, and wholesale to other stores which helps the owner receive maximum discounts from their vendors, which in turn affords them higher than standard margins of profit.
• The owner used to operate multiple locations but has scaled back due to health reasons and moving out of state.

Please contact us if you would like to sell your pet supply business in Connecticut or want to sell your wholesale business anywhere in the US let us know.

This business has been sold. Please view our other Construction Businesses for sale.

Contact us if you would like to sell a Building Inspection and Materials Testing Business in New York or anywhere in the Eastern US.

Leading Construction Testing and Inspection Firm. This prominent company is one of the few that offers all 3 types of inspections: Materials, Non-Destructive, and “Special.”  Materials: Concrete and masonry both field and lab, rebar, footings, fireproofing, soils, and structural steel. Non-Destructive: Radiography, ultrasonic, magnetic particle, and liquid dye penetrant. Special Inspections meet specific state as well as national standards.  The full complement of management will remain in place with new ownership.

Ownership: Ownership is 100% absentee – Executive Management will assure a smooth transition and remain as long as reasonably needed. Executive Management is ready for retirement.

Real Estate: Current appraised value of owned Real Estate is approximately $2,750,000.

FFE: Office space, testing equipment, and labs, Vehicles – Fair market value $500,000. 

Growth Opportunity: Company is positioned for new owners to expand the business; current management has been hiring key staff to promote growth – after restructuring the organization last year.

Professional Staff: Company Structure includes President; Controller – who is promotable to President; and General Management Team. The staff consists of ~50 people, 20% in Administration Roles; 80% in Technical Roles.

Clients: The Company provides inspection services to the commercial and residential construction market. By code, clients are the building owners, but most interaction is between contractors, architects, engineers, and the Company. Clients retain the firm to test all aspects of the building structure as it is being commissioned and built.

This company has been sold view our transportation businesses for sale and our absentee-owned companies for sale. Non-Emergency Medical Transportation service provider for clients located in western Massachusetts. This company provides non-emergency medical transportation for clients to and from medical appointments throughout the state. This company operates very efficiently and is paper free and streamlined. Vehicles are garaged at the employee’s homes where they receive their schedules in advance via a HIPPA compliant program. Drivers then perform the required rides and input the information into an application which is then utilized for billing and payroll. Billing is semimonthly to the contracting agency. The size of this company at present is mostly limited to the owners’ discretion, the foundation for the company to grow much larger, should the owner wish, is in place and limited effort would be required. At present, there is an Office Manager/Dispatcher who is home-based and 10 drivers on the present roster. This business is run semi-absentee with the present owner working about 10 hours per week.

Reason for Sale: Seller moving out of state – Owner is willing to stay on for one month so that a proper transition could be affected>.

Equipment: The Company has a fleet of 10 vehicles that are housed at the drivers home for work purposes only. The estimated present value of the vehicles in an orderly liquidation is $75,000. The balance of the equipment is computers and software required to execute the paperwork in compliance with the reimbursement agency.

Growth: Growth of the agency has been limited due to the lifestyle choice of the present owner. The annual demand for services is growing organically at a rate of 5% in the geography served due to the aging population.

Contact us to help you sell your transportation business in Massachusetts.