*Highly Profitable & Successful* Commercial Specialty Trade Contractor

Price: $10,200,000

Location: Southeastern Michigan

Industry: Specialty Commercial Trade Contractor

Listing ID: 181220BS

Status: New

Listing Description

Many Opportunities for Growth & Expansion

This highly profitable company provides specialty contracting services for new, remodeling and upgrading commercial building products by and large for institutional businesses. The buildings can be general purpose buildings, plus they are 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 an exemplary reputation and the unmatched technical skills of their installation team. 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 above industry standard; the resulting payoff is the best-known brand in their market with a reputation of delivering on time and on quote. This “AAA+” reputation has allowed them to get preferred pricing from key manufacturers and suppliers.

Sales growth has been 4.23% Compound Annual Growth Rate (CAGR) over the past 5 years, with 19.21% CAGR of EBITDA!!!

With more than 24 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 has had minimal impact on the company evidenced by 2020 turning in a record year in revenue and profitability. The company has started 2022 with over $8,200,000 of contracted business or 69% of their total 2021 revenue performance.

Listing Details

Total Sales: $11,928,509

Cash Flow: $2,171,876

EBITDA: $1,971,876

FFE: $386,265 (Included in Price)

Real Estate: $1,450,000

Terms and Conditions?:

Seller willing to consider some seller financing.

Reason For Sale:

Owner wish to retire

Training & Support:

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

Operation

Year Established: 1998

Days & Hours of Operation: Monday - Friday

Employees: 40

Location

Lease Option: Available for Purchase or Lease

Monthly Rent: 12350

Type of Location: Monday - Friday

Square Footage: 19300

Relocatable?: Yes

Facilities Information:

Standalone Commercial Building
• 19,300 square feet, located on 0.59 acres (150’ x 270’)
• Office – 2,545 square feet
• Shop Office/Mezzanine – 1,490 square feet
• Shop/Loading Dock – 15,265 square feet

Summary

Competition:

Very limited direct competition.

Potential Growth:

Several opportunities for growth by adding new service & product offerings, adding sales professionals, become a member of a purchasing group used by educational clients, and expanding into new geographic areas.

Financing/Terms:

Seller willing to provide some seller financing.