MergerPlace

Special Trade Contractors

Washington (Spokane)


  • Asking Price: $598,000
  • Gross Income: $572,227
  • Cash Flow: $233,398
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $65,000
  • Listing ID: #221836
  • Established: 1984
  • Employees: 3 FT

Business Description

The company specializes in Division 8 and Division 10 Facility Construction Subgroups as defined by the Construction Specifications Institute (CSI)'s MasterFormat. Division 8 is defined as openings i.e., doors, windows etc., and Division 10 is defined as specialties e.g., installations of toilet partitions, toilet accessories, visual display boards, marker boards, tack boards, projection screens, and interior and exterior signage.

The company has outstanding margins, a long-term client base and is in high demand in the markets and industry segments it serves by fulfilling the Divisions referenced above.


Business Details

Primary Business Category: Construction - Building, Developing
Location: Washington
County: Spokane

Company Information

Year Established: 1984
Home Based: Yes
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT

Financial Information

Asking Price: $598,000
Gross Revenue: $572,227
Cash Flow: $233,398
FF&E: $65,000
Seller Financing Available: No

Property Information

Facilities:

This is a home based business serving the construction industry in the Pacific Northwest. The company is completely mobile. The owner puts together bids from his home office, conducts scheduling and performs accounting duties.

Growth & expansion opportunities:

Owner states the demand for skilled craftsman with the experience of their team is growing rapidly, while the supply of the services is dropping significantly in the markets and segments they serve. The owner's statement is supported by the following industry information from IBISWorld.com Growing demand in the nonresidential building market is forecast to support the industry's expansion over the next five years. During the outlook period, commercial building construction is expected to be driven by an expanding economy, greater consumer spending and a forecasted acceleration in corporate profit growth. These conditions will be encouraging for businesses to undertake new expansionary projects. With businesses expanding their operations to take advantage of higher economic growth during the period, as well as capitalize on rising but still relatively favorable interest rates, the private sector will increase its workforce, generating demand for new commercial properties. The value of private nonresidential construction is anticipated to rise an annualized 3.1% over the five years to 2025, bolstering demand for industry services. Source: IBISWorld.com

Competition:

This company has very little competition. The owner states there are no other companies in the market capable of successfully completing the work on the larger projects they continuously secure through their bidding process, proven record of quality work and successful quality on time completion of projects. No other company has established the relationships this company has developed with the largest general contractors in the area over the company's 36 year history.

Reason for selling:

Retirement

Support & Training:

Will train for 2 weeks @ no cost The company provides bidding and labor for Division 8 and Division 10 Facility Construction Subgroups on very large projects in the following industry segments: Educational, Correctional Institutions, Medical, Hotels, Motels, Casinos and miscellaneous Industrial and Commercial Buildings. The current owner holds a Washington State contractors license, and an Idaho Public Works license. An ideal candidate for ownership of this company will possess strong business acumen, excellent communication skills and be willing to be fully engaged in the business. A background in the construction industry and knowledge of architectural hardware will be helpful. Prior experience in scheduling, problem solving, and leading a well trained team will provide a buyer with a smooth transition into ownership of the company.

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Business Listed By:

Brian Southworth

Murphy Business Brokers