*Highly Profitable & Successful* Commercial Specialty Trade Contractor

Location: South Central Michigan

Industry: Specialty Trade Contractor

Listing ID: CK130720TL

Status: Sold

Listing Description

*** Owner Only Works 12 Hours/Week Overseeing the Business ***

This highly profitable company provides specialty contracting services for new, remodeling and upgrading commercial building products by and large for institutional businesses.  These can be general purpose buildings, plus buildings with highly specialized components in healthcare, education and research & development operations.

This outstanding “Niche” business is the epitome of an over the top specialty business. The success of the enterprise is based upon a corporate culture that rewards each employee largely based upon the company’s overall performance each year. The results clearly define this company as one with outstanding profit margins and a highly skilled workforce with very low turnover. The employees are well trained, are paid very well along with a very rich benefit package; the resulting payoff is the best-known brand in their market with a reputation of delivering on time and on quote.

With more than 35 years of success, a new owner can direct the company forward to see continuous dynamic growth in gross and net revenue. The COVID-19 pandemic is not expected to have a serious or long-term impact on the company.  After the governor issued the Stay at Home Order, they were deemed an essential business and were not shut down.  There were three to four weeks that they were operating at a reduced capacity.  The company has had a very robust backlog of work and this backlog has kept their team fully utilized.

Listing Details

Total Sales: $9,525,306

Cash Flow: $1,274,177

EBITDA: $1,124,177

FFE: $260,200 (Included in Price)

Inventory: $80,000

Real Estate: $700,000

Terms and Conditions?:

Seller willing to provide some seller financing to secure an SBA loan.

Reason For Sale:

Owner wish to retire

Training & Support:

Owner willing to transition the business to new owner, including client introductions.

Operation

Days & Hours of Operation: Monday - Friday

Employees: 45

Managers: 2

Location

Monthly Rent: 5000

Type of Location: Standalone Commercial Building

Square Footage: 13000

Summary

Competition:

Very limited direct competition

Potential Growth:

Several opportunities for growth by adding new service & product offerings and expanding into new geographic areas.