Drywall /Framing Subcontracter with whos who Builders & contractors

Port Canaveral, FL (Brevard County)

Drywall /Framing Subcontracter with whos who Builders & contractors
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Asking Price: $350,000

Cash Flow: $250,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $50,000

Inventory: $5,000

Established: 2009

Drywall /Framing Subcontracter with whos who Builders & contractors

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Business Description

Seller supplies drywall and framing to general contractors on a subcontractor basis. He himself then hires subcontractors to do the work. He does all of the estimating and pricing of the jobs and visits each location as needed. He turns over in excess of one point two million all on his own and this year could top $1.4m and could do a lot more if he needed to or had help in the office or out in the field. The seller had a little health scare just a few months ago and has decided to lower the price as he has to slow down or get into an easier business This is a great business as his clients are contractors to the largest gas station operator that are building stations all over the country and in the State of Florida big time at this moment. Seller will make over $250,000 this year and is looking to exit the business over a period of time so that a buyer can maintain the customer base as he is the main part of the business at this moment. He was willing to hold a note on half of the selling price and train a buyer if required but now has lowered the price considerably by way of a discount but will look at all offers. This will be a turnkey operation for a person that loves the building and or construction industry and wants a profitable business that will give him or her a huge return on their investment. This would be ideal for a husband and wife team or for an overseas buyer that requires a visa to live and work in the USA. This is almost a no brainer as the seller will hand you an established business with a great workforce and a client base that is proven and expanding in an industry that is coming out of recession, in a State that never hardly slowed down anyway and the building industry in Central Florida is poised for a building boom to accommodate the population explosion that Florida expects in commercial and home building in the next ten years. Central Florida is growing and attracting many out of State and overseas companies that see not only cheap land to buy and build on, but an ever-growing labor force to support the University and the medical hospitals and research companies that are relocating to this part of the World in droves as is people to escape the cold up North.

Detailed Information

Location:
Port Canaveral, FL
Inventory:
Included in asking price
Employees:
Ten to 15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seller works from home and controls the jobs from his home office. He has about $10,000 dollars of inventory and about $50,000 of hand tools other than that he buys for each job. (Home Based)
Competition:
Seller does not have to worry about competition and often lets the business go to others that have to cut the price and work with low margin just to get by. He could get much more business if needed it but his order book and the backlog is full enough for him to handle at this time.
Growth & Expansion:
This business works for the largest gas station builder in the country through its general contractors and has enough work coming at him that he does not have to worry about competition. He maintains a healthy margin and turns work away that requires him to cut his price. Seller runs the business at a level that he can control without having to take on office staff. He has a team of ten to seventeen subcontractors that he works with but could obtain many more if needed as the workload of jobs dictate. Seller is getting ready to retire and knows that a younger owner could increase the turn over by at least twice what it is doing now but he does not need or require it at his time of life.
Support & Training:
Seller has been in this business for 45 years and has a list of general contractors that call him on a regular basis to perform work for them and the seller will stay with a buyer for up to two months to make sure that there is an orderly hand over and that the buyer is up and running with the existing clients if required.
Reason for Selling:
Seller had health scare & has decide not to work as much but will stay 3 months
Home-Based:
This business is Home-Based
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John Price

Business Listed By:
John Price

John Price Broker & Associates

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