MergerPlace

Commercial Specialty Trade Contractor

Southeastern Michigan, Michigan


  • Asking Price: $11,200,000
  • Gross Income: $11,839,078
  • Cash Flow: $2,611,808
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $336,840
  • Listing ID: #225787
  • Established: 1998
  • Employees: 40

Business Description

This highly profitable company provides specialty contracting services for new, remodeling and upgrading commercial building products by and large for institutional businesses. The buildings can be general purpose buildings, plus they are buildings with highly specialized components in healthcare, education, and research & development operations.

This outstanding “Niche” business is the epitome of an over-the-top specialty business. The success of the enterprise is based upon an exemplary reputation and the unmatched technical skills of their installation team. The results clearly define this company as one with outstanding profit margins and a highly skilled workforce with very low turnover. The employees are well trained, are paid above industry standard; the resulting payoff is the best-known brand in their market with a reputation of delivering on time and on quote. This “AAA+” reputation has allowed them to get preferred pricing from key manufacturers and suppliers.

Sales growth has been 7.6% Compound Annual Growth Rate (CAGR) over the past 5 years, with 30.4% CAGR of EBITDA!!!

With more than 23 years of success, a new owner can direct the company forward to see continuous dynamic growth in gross and net revenue. The COVID-19 pandemic has had minimal impact on the company evidenced by 2020 turning in a record year in revenue and profitability. The company has started 2021 with over $7,000,000 of contracted business or 59% of their total 2020 revenue performance.


Business Details

Primary Business Category: Contractors - Special Trade
Location: Michigan
Metropolitan Area: Southeastern Michigan

Company Information

Year Established: 1998
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 40

Financial Information

Asking Price: $11,200,000
Gross Revenue: $11,839,078
Cash Flow: $2,611,808
EBITDA: $2,411,808
FF&E: $336,840
Seller Financing Available: Yes

Property Information

Facilities:

Standalone Commercial Building • 19,300 square feet, located on 0.59 acres (150’ x 270’) • Office – 2,545 square feet • Shop Office/Mezzanine – 1,490 square feet • Shop/Loading Dock – 15,265 square feet

Growth & expansion opportunities:

Several opportunities for growth by adding new service & product offerings, adding sales professionals, become a member of a purchasing group used by educational clients, and expanding into new geographic areas.

Competition:

Very limited direct competition

Reason for selling:

Retirement

Support & Training:

Owner willing to transition the business to new owner, including client introductions.

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Business Listed By:

Curtis Kuttnauer

Golden Circle Advisors, Inc.