Business Summary:
The High-Growth Company is a value-added turnkey construction sub-contractor which distributes and installs finish products for multi-family complexes, commercial buildings, school and government building projects. The Company also pursues change orders from their top customers that result in custom installations. The Company acquired a high-speed overhead door Company in 2009, and started a new division in 2010, related to finishes for multi-family housing projects with a special niche of interior/exterior doors. The Company has built a strong customer base and currently does about 220 jobs per year for about 70 different general contractors. Approximately 75% of the Company’s revenues come from jobs that exceed $100,000 in value.Market expansion would be into installations of windows and millwork.
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| Year
Business was Established: 2001 |
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| Number of Employees:
38 |
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| Facilities / Terms of Lease:
Company owned building with 5200 sq. ft. including 3000 sq. ft. Office and 2200 sq. ft. Warehouse. Rented Facility of 26,000 sq. ft. with 25,000 sq. ft. Warehouse. |
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| Potential
Growth/Expansion:
Expansion can come by adding another service line of installing windows in multi-family and commercial buildings. |
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| Competition:
Many of the competitors are smaller shops that usually hard bid their jobs. The listed Company often is asked to come in and take over hard bid jobs due to lack of on time performance and quality. |
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| Owner
willing to finance:
The owner is open to an earn out. |
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| Owner
willing to train:
Willing to train for up to six months. |
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| Reason for selling:
Two reasons: (1) Exit Completely then pursue another venture; (2) Continue with the company and execute a majority Recap. |
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Seller Reference Number: OIB1010
BusinessMart.com Listing Number: 181564 |
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