Residential Specialty Contractor – Northwest Arkansas
ConstructionFor Sale in AR
Financial & Assets Details
About the Business
Licensed and insured residential specialty trade contractor since 1998.
This is a very well-run company with great backroom procedures and long-term employees.
All staff are employees (no sub-contractors), well trained and require very little supervision from the owner. Owner believes staff will stay on and he will help with transition of employees and clients.
The owner has already started the process of training their foreman to take on owner’s duties. The owner has reduced his schedule to 25-30 hours per week.
The office manager has been there over 20 years and also runs the showroom. The long-time crew foreman is currently being trained to assume most of the owner’s role. Initially as backup while they train a crew chief for the foreman’s role. Note: The transition piece for a new buyer is already underway.
The sales breakdown is approximately 50% existing construction, 35% new construction and 15% repair. Business concentration no more than 6% with any client.
Sales for the past three years are very consistent with profit increasing year over year.
The sales for 2021 are up over last year by 10% and profit up 15% as of September 30, 2021 and on target to exceed $2M.
The work in progress exceeds 90 days totaling $918,220,000 as of November 2021.
Our SBA Lender has reviewed this company’s financials and says it qualifies for the their 7A loan program. Terms are outlined in the information we send out after receiving a signed NDA.
We provide business plan and cash flow projections required by lender in the CBR which requires a Buyer’s Financial Profile prior to release.
Signed NDA Required for Additional Information
Richard Roberts, ABI/SVA 479.689.4455 Ext 11.
Growth & Expansion
There has been little advertising and internet marketing since most focus has been on general contractors and upscale client list built up over 20+ years. Adding a direct marketing effort to home owners and entering the commercial market are both logical areas of growth.
Increasing product line to include high end engineered floors and other floor coverings would be a natural path to growth with little capital expense.
Adding a showroom in a retail area would also increase exposure to home owners.
"The fastest-growing counties and metropolitan area in Arkansas over the
past decade were in the state's northwest region, according to data released
Thursday from the U.S. Census Bureau.
Benton County had the state's fastest growth, with its population increasing
by 28.5% since 2010 to 284,333. The second fastest growing, Washington
County, saw its population increase by about 21% to 245,871.
The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to
546,725. The region is home to the headquarters of Walmart and Tyson Foods,
as well as the University of Arkansas' flagship campus in Fayetteville."
Source AP News
The Northwest Arkansas area continues to be a leading destination for relocation for many providing solid residential growth. This company has a major competitive advantage by using only employees which they are able to better manage. It also secures their position in at the upper end of the market.
The facilities include offices, warehouse, inside parking for trucks/equipment and 2,500' showroom areas. Centrally located with easy access to route 49.
Support & Training
Reason for Selling: