Listing ID: 80418
This construction company specializes in Stucco, EIFS, Plaster, Specialty finishes and more. In business over 30 years, the company has an excellent reputation providing quality work. Projects including apartments, healthcare, education, condominiums, casinos and government. A strong 7-person management team is in place (uses subcontractors for labor).
The home office is located just north of Atlanta but the company is licensed in several states.
Currently over 9 million dollars in backlog on the books.
The owner will consider staying on for up to 1 year as an employee after closing.
To learn more please email us for a NDA and Buyer Profile.
Worked in 15 states over the last 34 years.
- Asking Price: $2,300,000
- Cash Flow: $446,143
- Gross Revenue: $2,861,983
- EBITDA: N/A
- FF&E: $300,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1987
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The business was started in 1987, making the business 35 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell companies. However, the true reason and the one they say to you might be 2 absolutely different things. For instance, they might say "I have a lot of other responsibilities" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might simply be reasons to try to hide the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is very essential that you not rely completely on a seller's word, yet rather, make use of the seller's solution in conjunction with your overall due diligence. This will paint an extra realistic image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Numerous businesses finance loans in order to cover things like stock, payroll, accounts payable, etc. Keep in mind that occasionally this can imply that revenue margins are too small. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new customers? Many times, businesses have repeat clients, which form the core of their day-to-day profits. Specific elements such as brand-new competition sprouting up around the area, road building, as well as staff turn over can impact repeat customers and adversely influence future incomes. One essential point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the greater the possibility to develop a returning client base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it located on the outside border of town? How might the regional mean household income effect future income prospects?