Listing ID: 73629
REAL ESTATE INCLUDED !!! Along with approximately $6 million of signed contracts for 2022. RECESSION PROOF !!!
This 20+ year company is one of the premier commercial concrete restoration and waterproofing companies in the greater Tampa Bay area. Most of their work is performed in house by their own employees, very little is dependent on sub contractors. This company is a fully state licensed certified general contractor which allows them to perform any kind of work state wide. A contractors license is not required to purchase the business, however you would have to acquire the license or provide a qualifier. The seller would be willing to act as a qualifier for a nominal yearly fee. The seller would be willing to stay on for a period of time to be determined to ensure a smooth transition. If the buyer would want the seller to stay on for a longer period of time as a consultant a salary would have to be negotiated.
The new owner will be passed on an impeccable and very profitable business with approximately $6 million of signed contracts for 2022 that will transition to the new owner. This is an opportunity for someone to work as an owner and not the laborer. Fully staffed and is pretty much self sufficient.
The numbers below reflect partial year FROM JANUARY -SEPTEMBER ONLY .
*** SUBMIT YOUR INFORMATION THRU THE CONTACT FORM SECTION TO THE RIGHT TO RECEIVE THE NON-DISCLOSURE***
We will not release any information unless there is a Non-disclosure signed with proof of funds. No Exceptions.
IMPORTANT NOTICE: This is an operating business being offered for sale “CONFIDENTIALLY”. Interested parties MUST fill out a Confidentiality Agreement AND a financial statement before any specific information, such as name and location of the business will be shared. NO EXCEPTIONS!
Information contained herein has been obtained from the Owner of the Property or from sources deemed reliable. We have no reason to doubt its accuracy but make no warranty or representation. All information is submitted subject to errors, omissions, changes, withdrawal without notice and any special listing conditions of the Owner.
- Asking Price: $5,475,000
- Cash Flow: $562,181
- Gross Revenue: $6,442,845
- EBITDA: N/A
- FF&E: $765,495
- Inventory: $400,000
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:70
- Furniture, Fixtures and Equipment:N/A
over 1 acre of land with multiple buildings equalling approx $10,078 sq ft
30 days at no cost to buyer to ensure smooth transition
They have the best reputation in the area
Sky is the limit with a motivated new owner
The venture was founded in 2000, making the business 22 years old.
The deal shall not include inventory valued at $400,000*, which ins't included in the requested price.
The company has 70 employees and is situated in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. However, the real reason and the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may simply be justifications to try to conceal the reality of changing demographics, increased competitors, current decrease in profits, or an array of other reasons. This is why it is very crucial that you not rely absolutely on a vendor's word, but instead, use the vendor's solution along with your overall due diligence. This will paint a much more realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of businesses borrow money in order to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that revenue margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that need to be satisfied or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new consumers? Many times, companies have repeat customers, which develop the core of their daily earnings. Specific factors such as new competition growing up around the area, road construction, and also staff turn over can impact repeat customers and also adversely influence future incomes. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final idea is the general location demographics. Is the business located in a densely inhabited city, or is it located on the outside border of town? How might the neighborhood mean household income influence future revenue potential?