Business Summary:
This well established and successful business specializes in the insulation and jacketing of mechanical systems. It provides material and installation services for the full range of thermal, condensation control, protective jacketing, and personnel protection insulation applications. The company has extensive experience working in the industrial and commercial markets. It generally functions as a subcontractor to mechanical contractors. The company s impeccable reputation for quality workmanship enables it to receive contracts even when they do not submit the lowest price. This is an exceptional opportunity for a corporate or individual acquirer.
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| Year
Business was Established: 1977 |
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| Number of Employees:
19 |
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| Facilities / Terms of Lease:
The real estate includes three buildings consisting of a 3,000 square foot office and warehouse, a 1,140 square foot warehouse with loft, and a two story 5,680 square foot warehouse on one acre of land. The real estate is available for lease or purchase. |
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| Potential
Growth/Expansion:
As energy costs continue to rise, conservation becomes more important to building owners and most manufacturing processes. The need for the company s services has never been greater especially in New England where there are older manufacturing facilities. Significant additional revenue could be generated by pushing for more work in neighboring states and taking advantage of the company s favorable wage advantage. |
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| Competition:
Because of the need for energy savings in manufacturing processes, the company s potential customer base is huge. There are over 27,000 manufacturers in New England, and over 18,000 in the company s primary market area. Many of these manufacturing facilities can benefit economically from proper thermal insulation of their processing and heating systems, condensation or acoustical control. |
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| Owner
willing to finance:
Seller/Bank financing on business $300,000; Anticipated Bank on R.E. $200,000. Total Down Payment $275,000; Inventory Purchase $50,000 Working Capital Needed $200,000 |
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| Owner
willing to train:
Owner will provide transition train for a new owner. |
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| Reason for selling:
The seller is retiring after more than 30 successful years in business. |
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Seller Reference Number: 17195
BusinessMart.com Listing Number: 43945 |
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on this business
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