71212 - Greater Seattle Flooring Contractor

WA

Seller Financing Available
71212 - Greater Seattle Flooring Contractor

Asking Price:$2,700,000

Cash Flow:$725,000

Gross Revenue:$2,271,000

EBITDA:$580,000

FF&E:$260,000

Inventory:$100,000

Lease Rate:N/A /SF

Established:1992

71212 - Greater Seattle Flooring Contractor

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Business Description

The Company is a leading a specialty trade contractor providing polymer/resinous flooring installation, concrete polishing, and associated installation and repair services. The Company provides demolition of flooring as well as concrete repair and various methods of preparation including shot blasting and diamond grinding. In addition, they provide concrete polishing, self-leveler installation, moisture mitigation systems, and installation of all types of liquid applied resinous floors including epoxy, urethane cements, and MMA’s. The Company operates from a 1,200-square foot office building and a 3,500-square foot warehouse. Approximately 40% of the Company’s revenue is derived from flooring installation and maintenance services to large commercial customers such as large berry processing plants and airline food service providers. An additional 40% is derived from general contractors. The remaining 20% is generated from the aerospace and government sector. In 2016, the Company generated revenue of $2.3m with adjusted EBITDA of $580k.
Consistent profitability & growth - 25% EBITDA margin in 2016 - 8 non-union employees - Equipment and vehicles valued at $260k - Inventory valued at $100k - 60% repeat business - Services Washington, Oregon and Alaska - Strong management - Dedicated Sales Person - Owner financing negotiable for the right buyer - Owner willing to remain for transition period. Contact Rebecca Hansbrough at IAG today!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
negotiable for the right buyer
Reason for Selling:
Approaching retirement.

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IAG

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