37435-Priced Reduced-Commercial Property Build-outs and Remodel

TX

Seller Financing Available
37435-Priced Reduced-Commercial Property Build-outs and Remodel
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Asking Price: $1,000,000

Cash Flow: $263,000

Gross Revenue: $3,943,000

EBITDA: $214,000

FF&E: $270,000

Inventory: $50,000

Real Estate: N/A

Established: 1981

37435-Priced Reduced-Commercial Property Build-outs and Remodel

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Business Description

Price Reduced -This company specializes in commercial property build-outs and remodel services. The company’s primary services include tenant improvements. The company operates from one location with three buildings which it leases from the owners. Offering these services requires a facility with offices, production and warehouse space for storing tools, equipment, and vehicles. The company has a proven track record, supported by testimonials written by many clients over the years. With its niche range of services, the company’s marketing efforts focus on targeting commercial entities within near the Corpus Christi area of Texas. The business has seen some excellent growth trends over the past few years.

The owners believe the company’s established reputation and longtime customer base represent a significant growth opportunity for an industry buyer. While the current owners are comfortably operating in a traditional fashion, able to pick and choose jobs with people they have history with, more aggressive bids and marketing could increase sales substantially. There's also great opportunity for growth with Naval Air Stations, Government and refinery companies. Additionally, since the business is not location sensitive, the buyer can eliminate a significant amount of fixed overhead and start-up costs by relocating to their facility.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Three buildings are divided into office space, storage warehouse, and cabinet shop production areas. The company leases the facilities from current business owners. According to the owners, the facilities are in very good condition, zoned for industrial use, and are capable of handling additional capacity. While the property is included in the asking price, the owners are open to leasing the real property to the buyer of the business.
Financing:
negotiable for the right buyer
Support & Training:
While the owners are approaching retirement, the rest of the staff will most likely be willing to stay on after the sale.
Reason for Selling:
Approaching retirement.
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IAG Buyer Division

Business Listed By:
Buyer Division

IAG

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