High-End Residential Contractor - 28 Year History

Juanita, WA (King County)

High-End Residential Contractor - 28 Year History

Asking Price:N/A

Cash Flow:$286,000

Gross Revenue:$1,160,000





High-End Residential Contractor - 28 Year History

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Business Description


ACT client #59996 (the "Company") is a general contractor specializing in high-end residential remodeling. The Company is seeking a transaction that will allow continued growth and provide liquidity to the owner who wishes to explore other interests. This is an ideal business for any contractor in the industry to become a business owner. The Company is a "ready-to-go" business, complete with all the necessary employees, facilities and equipment for a new owner to step in and continue to run the business smoothly. The Company is also an ideal add-on candidate for a firm that offers similar services, wishes to expand into the region, or wishes to step into a turn-key operation.

The Company offers various types of remodeling services to private residences, including general remodeling, kitchen and bath, bedrooms, and outdoor decks and fixtures. Those services also include full tile and marble fabrication capabilities that boast 56% margins. The Company serves a diversified customer base of homeowners and tenant improvement projects in Seattle, Bellevue and other Washington state locales.

Company sales have grown from $1.1 to $2+ million in the last 3 years. At the same time, Adjusted EBITDA has grown from $139,000 to $286,000, and the Company projects future EBITDA growth of over 12% per year by capitalizing on existing relationships and referrals, repeat remodeling needs and expansion of the high margin tile and marble business.

*Competitive advantage with high quality "Old World" European craftsmanship
*Strong customer base - repeat and referral relationships
*High-end offering to wealthy Bellevue and Seattle clientele
*Well trained, experienced contractors averaging 10-15 years with the Company
*A track record of growth
*Highly profitable tile and marble fabrication capabilities
*Completely self-contained, turn-key business

Detailed Information

Included in asking price
The company's office and warehouse facility is located just 15 miles northeast of Seattle and includes a full fabrication shop, office suite, material display area, mechanic shop, and vast storage space for tools and inventory. In addition to general contracting and remodeling, the business operates a full service tile and marble fabrication system, along with 2 vans, 1 flatbed truck, 1 forklift and all hand tools necessary for a new owner to step in and operate the business. List of larger assets: 1 Comandulli Speedy D System, 1 Bridge Saw Regent S 3500, 1 Kaeser Industrial Air Compressor, AS 251 400 gallon air tank, 1 Nissan Forklift, 2 Bullnose edge machine, 5 Tile saws, 1 2006 Ford E 150, 1 2003 Ford F 450, 1 2000 Chevy Astro, 1 Slab cart, Slab holding racks, 20 pc.Tools holding racks, and many small tools (too many to list). All machinery was purchased less than 4 years ago. The site also comes equipped with the necessary office equipment, such as computers, printers, cabinets, phone system, tile show-case display and plotter printer for 24"x36" professional architectural prints.
There are many competitors in the general contracting and high-end remodeling industry, however, the Company competes on the basis of its "Old World" European craftsmanship and continuation of service. Many customers choose the Company for any and all of their future remodeling needs, leading to a high rate of repeat and referral business.
Growth & Expansion:
Having been in the business for nearly 30 years, the Company grows primarily through referrals, followed by outstanding customer service that leads to a high rate of repeat business.
Support & Training:
The owner is willing to stay on board to facilitate a smooth transition to new ownership and help them capitalize on existing relationships.
Reason for Selling:
The owner wishes to explore other interests.

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Trevor Hill

Business Listed By:
Trevor Hill

ACT Capital Advisors

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Sponsoring Broker:
Robert Hild

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