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Highly Profitable Construction - Coating Company in the Central Valley

Fresno County, CA (Relocatable)

Seller Financing Available
Highly Profitable Construction - Coating Company in the Central Valley
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Asking Price: $1,299,000

Cash Flow: $488,339

Gross Revenue: $3,093,923

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1996

Highly Profitable Construction - Coating Company in the Central Valley

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Business Description

Highly Profitable Construction - Coating Company in the Central Valley

Highly profitable, longstanding, protective coating company specializing in industrial floor coating services for manufacturing facilities. In business for nearly 20 years and located in the Central Valley, servicing customers throughout California. This niche business specializes in coating services for commercial and industrial buildings such as food manufacturing, wineries, etc. primarily to meet food safety and compliance requirements. Growth opportunities exist in other industries including the pharmaceutical industry, clean rooms, hospitals plus other including the fast-growing Cannabis industry which will most likely be regulated similar to food production facilities. As per a report by Global Market Insights, Inc., industrial floor coatings market was pegged at $3.5 billion in 2016 and is anticipated to generate revenue over $6 billion by 2024. This is driven by many reasons that the seller will discuss.

Company has an excellent reputation, with many repeat customers. This niche market contractor provides quality installations utilizing the best quality materials. Services include shot blasting, floor coatings, seamless wall systems, expansion control joints, drain installations, cove base installation and slope to drain floors. Specialization primarily in food and beverage processing facilities but could easily expand into other industries. All work is done with an exceptional commitment to excellence and customer satisfaction. Long -term, loyal and highly trained employees in place and organized into three crews with foreman who have vast industry knowledge and experience. Long-term Management in place. An impressive list of customers throughout California. Repeat business is virtually guaranteed as customers typically resurface their facilities every five years and the company’s reputation drives repeat contracts. 2019 year to date revenue is trending up and the company already has several large projects on the books. As per the seller, 2019 is looking to be a strong year.

Excellent books and records and tax returns with minimum “add-backs”. Highly improved facility in prime location with a large office area and yard. Seller may consider selling the real estate or provide a long-term lease. The purchase price includes a long list of assets and equipment including several commercial trucks. The sellers who are looking to retire will provide ample training at no additional cost and may consider staying on for up to one year as an employee or consultant at a rate to be negotiated. This business has been qualified for SBA finance for a licensed, qualified buyer or seller may consider seller finance for a qualified buyer with a significant down payment. Please note that this business requires a C-33 and a D6 Contractors license. The buyer should have these licenses or be able to discuss how they will obtain them. This is a unique opportunity to purchase a well-respected company with an excellent reputation in the industry with long term management and employees in place with room to grow.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply or contact seller button on this website or contact Matt Coletta at info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.

Detailed Information

Location:
Fresno County, CA
Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
9,640
Employees:
23
Facilities:
Prime industrial location Industrial space. Seller owns the facility and will lease space for $6000/mo. This expense is currently being paid by the business and factored into the expenses.
Competition:
Seller to discuss
Growth & Expansion:
Opportunity to expand into new markets and industries. Seller to discuss.
Financing:
Seller will consider seller finance for a qualified buyer with good credit and a sign
Support & Training:
Seller will provide ample training at no cost to qualified buyer. Seller may consider staying on for up to one year as an employee or consultant at a rate to be determined.
Reason for Selling:
Retiring
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Matt Coletta, CBB, CBI, M&AMI

Business Listed By:
Matt Coletta, CBI, CBB

M&A Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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