Total of 18659 firms and businesses for sale today Sunday 5th May 2024
Sold. Double Digit Growth Comm/high End Residential Product Services
LISTING DETAILS
Firms For Sale ID:
32896
Vendor reference:
2398bw
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$800,000
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
$6,081,961
Net profit / cashflow:
$387,725
Years established:
9
Number of employees:
11
OTHER DETAILS
Reason for selling:
Both owners have been together since the inception of the businesses. One owner wishes to transition to other activities closer to home and in a different industry. The other owner will stay and provide sales and supervisory services if the new owner so desires.
Financing available:
Reasonable financing for a leveraged sale with Earn-Out option for Extended Contracts
Support and training:
Management will provide up to a total of 30 days familiarization to the business, its client lists and its products and services. If addition support is requested, one of the owners will stay in the capacity of a Sales/Field manager is so desired.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
*Price is $800,000 PLUS a $100,000 three (3) Year Earnout. Revenues represent Y/E Estimates for 2014 (Based on Jan-Sept Attainments). YTD June 2014 Revenues were: 2,790,605 with a $286,166 Adjusted cash flow. Both the Commercial and Residential Entities are included within the Price. Commercial financials are available for analysis to a serious purchaser. The business provides Essential Products and Services in all high end and commercial construction Build-outs such as Banks, Attorney offices, Hotels, Restaurants, multi million $ high end Residential.
This is neither an offer to sell nor a solicitation to sell securities. Dailey Resources, Inc. is a licensed Texas Real Estate Broker.
Expansion Potential
Direct Sales is accomplished with the use of 2 full time sales staff, Word of Mouth, Networking Groups, Industry Trade Groups, and a developing Website which are the primary marketing efforts. Rapid growth and expansion of additional and specialized salespeople to call on government contractors and multi-residental apartment complexes. These type of contractors will significantly increase the options for larger bids. This is evident by two bids recently won. One is for the military ad the other for a multi-unit residential complex. These two bids alone will account for one million in additional revenue upon start and completion later this year.
Market / Competition / Non-Competition Agreements
Although there is competition in the l industry, few (perhaps only one,) can complete such large projects. The finished products and attention to detail that is required is not duplicated by any of their competitors. This exclusivity commands a strong base in high end home construction allowing the Company to be selective when it comes to both multifamily and commercial projects.