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Commercial Sprinkler Design and Install Co.

Loudoun County, VA

Commercial Sprinkler Design and Install Co.
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Asking Price: $1,650,000

Cash Flow: $560,000

Gross Revenue: $5,500,000

EBITDA: $560,000

FF&E: N/A

Inventory: N/A

Rent: $3,850 /Month

Established: 1985

Commercial Sprinkler Design and Install Co.

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Business Description

With annual revenues of approx. $5.5M and Adjusted EBIDTA of $600K, this company is a full-service, commercial sprinkler system design and installation company. It performs commercial tenant and new construction sprinkler work for (mostly) large general contractors (GCs) in the Northern Virginia, suburban Maryland and Washington, DC market. In addition to construction, the company also performs testing and maintenance work. State laws and insurance regulations require that commercial sprinkler systems be tested once a year. The company performs the required tests and provides any necessary maintenance and repair. The company's 9-person management and admin staff are exceptionally long-tenured, with only one member having been with the company for less that 15 years! Likewise, the company's 27-person field team is highly qualified and exceptionally well trained.

Detailed Information

Location:
Loudoun County, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
12/31/2019
Employees:
36
Facilities:
The company leases a 5000 s/f facility that comes with a 5000 s/f fenced yard. The selling price includes all tools and equipment as well as 9 vehicles and a Bobcat.
Competition:
The greater Washington, DC market is one of the strongest construction markets in the country and, by virtue of the federal government spending, is largely insulated from normal business cycles. There is literally more work here than the company can bid on.
Growth & Expansion:
The owner has managed this company as a "lifestyle business", trying not to let it grow too big. He has owned other, unrelated businesses that took up most of his time . New ownership could grow simply by responding to a higher percentage of requests to bid.
Support & Training:
Seller will help train and familiarize the buyer with all aspects of the business.
Reason for Selling:
Retirement; other business interests.
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(from currently available funds)
 
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Bill Blumberg

Business Listed By:
Bill Blumberg

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Sponsoring Broker:
Don Naideck

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