| Asking Price |
$575,000 | Inventory |
|
|---|---|---|---|
| Gross Income |
$675,000 | Real Estate |
|
| Cash Flow |
$325,000 | Year Established | 1988 |
| FF&E |
$60,000* | Employees | 6 |
* included in the asking price
** not included in the asking price
This 20 year old business has been increasing sales every year. It is highly profitable and has very little competition. It is located in an affluent suburb. It services Passaic, Bergen, Hudson and Morris counties in NJ, and Orange and Rockland counties in NY. It does several types of fences and only services the high end of the business as it is the most profitable. It very often turns down business as the owners do not wish to expand the business. The workers have been with the company for several years and know the business. The business is not difficult to learn.
Facilities: 2001 Ford F250 super cab diesel engine $14,680 2005 Ford 550 diesel 4wd 12" rack body dump $40,000 2 Ponjaar rock drills $1500 each 10 various chain saws, and several items such as wheel barrows, pull jack stretchers, fencing pliers etc. All equipment in very good condition
Competition: This is a high end fence company. It has contracts with two utility companies, and has several contacts with local governments. It does work for local governments and hasa very good reputation. Almost all of its business is from referrals. The competition is below normal.
Growth/Expansion: The owners have never tried to expand the company as they do not wish to have a large company. They turn down business. Even last year their year over year sales were up by 5%
Financing: Depends on buyer's track record
Support/Training: The owner will stay and train new buyer. Will also stay as a consultant and work on fence installations for a year. Financial details to be worked out
Reason Selling: The owners wish to retire and move South

Terence Pires
973-220-6131
Seripco Inc
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