Listing ID: 73490
The company is an established 39-Year-Old Full-Service General Contracting firm specializing in commercial, community, and industrial construction and renovation as well as metal roofing services. As a design-build general contractor they work closely with their clients to design projects as well as coordinate all phases of construction for either a new facility or a renovation project.
Their services include permitting, project management, job supervision, and on-site activities. They work closely with architects and engineers on a consulting basis for most projects. Their projects include new builds (stick or metal), remodels and additions. Completed projects include educational, government, manufacturing, and medical facilities, condominium offices, retail businesses, restaurants, and warehouses. The company is also an authorized Dealer and Erector of a National pre-engineered steel building manufacturer.
They service clients within a 60-mile radius of Central and Southern Ohio.
Sales breakdown is 20% New Builds, 80% Additions/Remodels and Repairs. Sales trends: 50% Repeat Existing Clients, 50% New clients.
The company employs 13 Full and 1 Part-time employees and works closely with sub-contractors in various trades. The sale includes a long list of equipment consisting of vehicles and tools of the trade.
The company works from a 5,000 sq. ft. Owned facility consisting of 45% office space and 55% shop space on 1.34 acres with ample parking for company vehicles.
The Real Estate can either be Leased to a New Owner or is Available for Sale at the Asking Price of $399,000 >> Recent Appraisal Supports Price.
Recap of Asking Price:
Business Only: $479,900
Real Estate: $399,000 R/E Price is in Addition to the Business.
Total Asking Price for Business with Real Estate $878,900.
Long Established Outstanding business with a Solid Reputation !
Please note: This is a CONFIDENTIAL business sale. Information will only be provided to qualified and vetted buyers.
- Asking Price: $479,900
- Cash Flow: $219,059
- Gross Revenue: $3,590,263
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,000
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
The company works from a 5,000 sq. ft. Owned facility consisting of 45% office space and 55% shop space on 1.34 acres with ample parking for company vehicles. The Real Estate can either be Leased to a New Owner or is Available for Sale at the Asking Price of $399,000 >> Recent Appraisal Supports. Real Estate would be in addition to the Purchase Price of the Business.
Sellers to provide adequate support and training to ensure a smooth transition to a new owner.
The company was founded in 1983, making the business 39 years old.
The business has 13 FT 1 PT employees and is situated in a building with approx. square footage of 5,000 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell operating businesses. However, the real reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to attempt to hide the reality of changing demographics, increased competition, recent decrease in revenues, or a variety of various other factors. This is why it is really essential that you not depend entirely on a vendor's word, yet rather, utilize the seller's solution combined with your total due diligence. This will repaint a much more realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, etc. Remember that occasionally this can imply that earnings margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or may lead to penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new clients? Often times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Particular elements such as new competition growing up around the location, road building, and also employee turnover can influence repeat clients and also negatively influence future revenues. One essential point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the better the chance to build a returning client base. A last idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional mean family earnings impact future income potential?