Listing ID: 80426
Framing Contractor working with large production home builders and custom home builders in the Atlanta Metro and North Georgia areas. Installation services include structural wood trusses, decking, wood stud interior walls, soffit, fascia, stairs, and decks. There are 5 experienced employees and 30+/- sub-contractor crews.
The company has quickly built a reputation of being one the best home framing companies in Georgia. They have a strong market reputation due to their high-quality craftsmanship and exceptional customer service. The majority of the Company’s business is repeat and referral business from its client base.
Experienced Management team
Excellent crews with low turnover
Established business with superior reputation
Solid relationships with national builders and regional builders
Backlog of over $8,000,000.
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- Asking Price: $2,350,000
- Cash Flow: $545,701
- Gross Revenue: $8,594,949
- EBITDA: $545,701
- FF&E: $149,550
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
focus on core business
The company was founded in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons people decide to sell businesses. Nonetheless, the true reason vs the one they say to you may be 2 completely different things. For instance, they might state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be justifications to try to hide the reality of transforming demographics, increased competitors, recent reduction in profits, or a range of various other factors. This is why it is extremely important that you not depend absolutely on a seller's word, however instead, use the seller's answer in conjunction with your total due diligence. This will paint an extra reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money with the purpose of covering things like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can imply that profit margins are too tight. Many companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that have to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Most times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific variables such as brand-new competitors growing up around the location, roadway construction, as well as personnel turnover can affect repeat clients as well as adversely impact future incomes. One vital thing to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business on a regular basis, the greater the chance to build a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average household earnings effect future income prospects?