Canopy Contractor Doubling Sales, Purchase or Partner! (37717)
ConstructionFor Sale in FL
Financial & Assets Details
About the Business
Looking to sell 50% to 75% of the business to an investor/partner or active owner who can help hire the right people and position the company for growth and help run it. With several $1 million+ contracts in place, the seller is looking for $1,000,000 for 50% of the company or $2.2MM for the whole company. From the US Southeast Coast, this professional subcontract company specializes in the design and installation of entrance canopies and other structural systems for architects and developers. With sixteen years in business, their process stays involved in every step of the sourcing, customization and repairing of materials needed for any multi-family, hotel or condominium project. Home-based operations make for easy relocation or virtual operations within service radius, while also leasing two storage spaces in Florida for hand tools, equipment, and leftover materials. With seven experienced field employees. Listing is ideal for industry buyers looking to take advantage of a high-potential business with several growth opportunities, such as strategic use of marketing efforts beyond its referral source system. Total Revenues for 2019 reached amounts of $1,677,601 alongside Seller Discretionary Earnings of $232,597. In spite of the pandemic, 2020 was their best year with $1,985,000 in revenue and Discretionary earnings of $484,000. Meanwhile, 2021 projections are skyrocketing with around $4,000,000 in sales. As they near full capacity, the current owner would like assistance with PE’s and a larger workforce to include estimators. Also, the company is very liquid with current assets of $988M ($848,000 in A/R) and $100,000 of current liabilities.
Financing can be negotiable for the appropriate buyer.
Leases a couple of storages in Florida. Listing includes Receivables valued at $257,282.
Support & Training
Can facilitate a smooth transition period of up to 36 months if required.
Reason for Selling:
Approaching retirement and/or pursuing other interests.