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$700,000 Net Profit Annually Over 5 years

Racine, WI (Racine County)

Seller Financing Available
$700,000 Net Profit Annually Over 5 years
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Asking Price: $8,000,000

Cash Flow: $1,100,000

Gross Revenue: $1,400,000

EBITDA: $1,100,000

FF&E: $300,000

Inventory: $1,500,000

Real Estate: $500,000

Established: 2000

$700,000 Net Profit Annually Over 5 years

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Business Description

20 years strong in Milwaukee, WI. 2019 Net profit of $950,000

Growing, self-reliant, debt-free, service based drop ceiling installation business that also manufacturers its own branded products to sell at 75% profit. Very large customer base of private corporations as well as the preferred Contractor for multiple School Districts and Churches throughout Wisconsin. We have built our business around direct contracting, not soliciting General Contractors. We have continued to grow through two recessions. We are the only company of our kind to also manufacture what we install. We manufacture multiple products overseas and have developed our own branded product line of hand tools, hardware, and material that produces an extra $60,000 net per year.

Detailed Information

Location:
Racine, WI
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
15,000
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Very nice 15,000 sf warehouse with dock including 3000 sf office sitting on 1 acre. (Leased with option to buy) 3 diesel vans, 4 new scissor lifts, 1 skid steer and many other assets go with the business
Competition:
Located in between Chicago, IL and Milwaukee, WI we are able to service both cities and everything in-between. Prime location for a future ceiling materials distribution center. Very few competitors in this area. The available work is plentiful! Strong online market presence with established web page, informational videos, branded products available to the average consumer as well as the Contractor. We're a one-stop-shop! Every drop ceiling installation service and sellable product we offer could be expanded beyond this area across the U.S.
Growth & Expansion:
We turn away 50% of our business because we have chosen to stay small and family-run. We have built a reputation of quality, great service, and best price. We don't invest anything in paid advertising and still grow. This company could easily double profits with an aggressive buyer that has vision and is willing to invest in personnel and expand. There are also opportunities to offer franchise's under this trusted & branded name. We get calls from all over the U.S. and even overseas, looking for our products and installers in their local areas.
Financing:
Down payment required. Seller willing to finance short term
Support & Training:
Owner willing to negotiate staying on with the company for 1-3 years to solidify profitability and success.
Reason for Selling:
Ready to move on.
Business Website:
http://www.strictlyceilings.com
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Business Listed By:
Timothy Chapel

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