Business Overview

This Hudson Valley, New York construction company is offered for sale with a 40+ year reputation for highly detailed construction, specializing in historic restoration of residential and commercial properties. Take over this fully equipped construction business, ready to scale for growth in the burgeoning restoration sector. A ready list of past repeat customers with projects backed by state, county and private institutions is the account list you need to apply your skills and vision for years of future success. A real money maker, restoration work is not the crowded field found in commodity-like, highly competitive common work like additions and remodeling. The right buyer can combine their eye for detail and general construction experience to build a reputation to last a lifetime. Terms and reasonable assistance from the current owner is offered, along with a very attractive sale price, one that is sure to get this business into the right hands, soon. Financial data and add-backs used are 2019 as 2020 results decreased due to COVID and decrease in government contracts but the Company expects a full recovery post COVID. 2020 financial information is available upon request. For additional information please contact listing agent Gil Tatarsky at 917-670-0450 or gil@fcbb.com

Financial

  • Asking Price: $495,000
  • Cash Flow: $472,658
  • Gross Revenue: $2,038,712
  • EBITDA: N/A
  • FF&E: $58,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1973

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a leased location of 3,000 square feet with a Total Rent of $495. Seller is active in the business with 4 FT employees. Hours of operation are 7:30 AM to 5:30 PM, Mon-Fri. $58,000 in FF&E included in Asking Price.

Is Support & Training Included:

3 Months

Purpose For Selling:

Retirement

Additional Info

The venture was established in 1973, making the business 49 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 entirely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, current reduction in earnings, or a range of various other factors. This is why it is very essential that you not count totally on a seller's word, however instead, make use of the seller's response together with your overall due diligence. This will repaint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover points like stock, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too thin. Numerous companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location draw in brand-new customers? Most times, companies have repeat consumers, which form the core of their everyday profits. Particular variables such as new competition sprouting up around the area, road construction, and staff turnover can influence repeat clients and also adversely influence future earnings. One vital 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? Obviously, the more individuals that see the business often, the greater the chance to build a returning consumer base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood typical home earnings impact future earnings prospects?