Cash Flow Strong Construction Business In Ocean County For Sale

Business description

This company mainly manages sub-contractors and has no employees (other than the two owners), providing home improvement services to residential homes. Sales have somewhat fluctuated with the general economy, however, most recently, the company has seen solid revenues for 2011.

The company enjoys a competitive advantage by providing quality work to its clients, and an existing referral system is a key ingredient of the business (which the future owner will take full a advantage of). Quite often a successfully completed house project leads to another project a little later on.

The tax statements have been fully reviewed and the asking price was very conservatively established at 1.7x EBITDA, with no debt to be assumed. The business is pre-qualified by an SBA lender subject to the buyer’s financials, and by implementing the proposed deal structure a buyer operator will obtain $150k in after-debt cash flow and can pay back the initial cash outlay within six months.

The owners will provide a comfortable six months transition period as they truly want to retire at this stage in their lives. A very well trained and highly qualified sub-contractor team will stay in place and support the new owner in all aspects of the business. A new owner will be able to consolidate the work of the two current owners into a single position, and thus, save costs in the process.

*** ALL DATA BASED ON SIGNED TAX RETURNS ***

Property information

Real Estate:

Lease

Lease terms:

Options

Location:

Central Ocean County

Premises details:

One storage warehouse. Administration can be managed from home office

Business Operation

Expansion potential:

Excellent

Competition / Market:

Limited Competition

Reasons for selling:

Retirement

Trading hours:

Regular

Employees:

2

Years established:

10

Other information

Support & training:

The owners will provide a comfortable six months transition period as they truly want to retire at this stage in their lives. A very well trained and highly qualified sub-contractor team will stay in place and support the new owner in all aspects of the business

Financing available:

Yes, owner will finance $90,000 at favorable terms

Furniture / Fixtures value:

$26,500 (included in the asking price)

Inventory / Stock value:

$5,000 (included in the asking price)

Relocatable:

This business can be relocated.