Commercial Piping Contractor

San Jose, CA (Santa Clara County)

Seller Financing Available
Commercial Piping Contractor

Asking Price:$1,800,000

Cash Flow:$1,424,556

Gross Revenue:$5,414,586

EBITDA:$1,424,556

FF&E:$200,000

Inventory:N/A

Established:1996

Commercial Piping Contractor

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Business Description

Very profitable commercial piping contractor. Non-union, lots of well-established relationships with general contractors, architects and other referral sources. Owner Retiring after achieving a remarkable turnaround by closing an unprofitable division, downsizing overhead, re-staffing with more effective employees, expanding staff to compete more effectively and forming relationships with stronger general contractors to get better projects. Gross margin improved from 30% to 48% and earnings increased from ~ $250K to over $1.4 MM annual running rate based on first six months in 2016. Owner has modest price expectations and will carry a note for part of the purchase price, depending on the total offering structure.

Please refer to Listing ID - SF8396 when contacting us. Thank you.

Attached Documents


Detailed Information

Employees:
24 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased office warehouse in location central to Silicon Valley market.
Competition:
Non-union shop capable of handling large, complex projects that many small competitors are not qualified to handle.
Growth & Expansion:
Opportunity to expand geography as well as to add other services.
Financing:
800000
Support & Training:
Owner willing to work as employee for up to one year after closing to facilitate transition.
Reason for Selling:
Retirement

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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