Location: South Central Michigan
Industry: Specialty Trade Contractor
Listing ID: CK130720TL
*** 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.
Total Sales: $9,525,306
Cash Flow: $1,274,177
FFE: $260,200 (Included in Price)
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.
Days & Hours of Operation: Monday - Friday
Monthly Rent: 5000
Type of Location: Standalone Commercial Building
Square Footage: 13000
Very limited direct competition
Several opportunities for growth by adding new service & product offerings and expanding into new geographic areas.