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Asking Price
$550,000
Sold
Established Utility Billing Management Business
Recurring Revenue
Asking Price:
$550,000
Cash Flow:
$155,565
Listing No:
2179527
Gross Revenue:
$2,198,000
FF&E:
Base Rent:
Year Established:
2008
Inventory:
Location: Sacramento County, CA
Inventory: Included in asking price
Employees: 4
Facilities: Assets: Includes a 2017 F350 Super Duty truck, a comprehensive meter installation kit, and state-of-the-art billing software.
Location: Based in the Greater Sacramento area, with a flexible operational model allowing for potential relocation.
Support & Training: The current owner is committed to ensuring a smooth transition, offering detailed training and support for a negotiable period.
Reason for Selling: Retirement
This highly reputable business specializes in utility billing management and meter installation services. With a history spanning over 15 years, this company has built a solid customer base, sustainable recurring revenue, and a robust operational framework, making it a lucrative opportunity for potential buyers.
Business Details
Business Highlights:
Primary Services: Utility billing and meter installation with a focus on water meter / meter reading systems
Customer Base: Diverse range, including multi-family, commercial/retail properties, and HOAs.
Strong Market Presence: Over 4,500 customers and 150 commercial contracts in place.
Operational Strengths:
Expertise: A well-established name in the field with expertise in various billing methods, including Metered, RUBS, Weighted, and Flat Rate billing.
Employee Base: A dedicated team of 4 full-time, long-term employees, complemented by external support for bookkeeping and other administrative tasks.
Certifications: The company holds all necessary certifications and maintains compliance with industry regulations.
Customer Retention: Known for excellent customer service and retention, largely due to transparent billing practices and prompt responses to client inquiries.
Growth Potential: Market Expansion: Opportunities to expand into newer markets and explore additional services.
Scalability: The business model is designed for easy scaling, either up or down, according to the new owner's vision.
Customer Acquisition: A strong track record of referral-based growth, with the potential to implement more aggressive marketing strategies.