South East

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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $2,980,000

EBITDA: $197,000


Inventory: N/A

Established: 1982


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Business Description

The Company provides structural steel building erection for all of North Carolina, Central and Northern South Carolina, as well as Southern Virginia. The Company specializes in steel building erection for retail shopping centers, multistory structures, schools, manufacturing facilities, office, and residential buildings. The Company operates from an 11,200 square foot, related party-owned office and warehouse facility. The fair market annual lease rate for the facility is approximately $24,000. The Company works closely with steel building general contractors and engineers to deliver services that range from erecting new steel buildings to structural remediation/repair on small or large complex projects. From ordering any volume of industrial steel, transportation, unloading, fabrication, lifting components into position, erecting and aligning, the Company’s experienced team services commercial and industrial construction projects .

Detailed Information

The Company operates from an 11,200 square foot, related party-owned office and warehouse facility. Considering the growth over the historical period, the facility is approaching full capacity, however, some reconfiguration could allow for more available space. The Company’s fixed asset base includes a variety of vehicles, equipment, and computers. Management estimates all fixed assets are in good working condition.
Strong Client Relationships: The Company is proud of its strong ties to clients and its reputation for quality work and client service. Evidence of these relationships is shown in the 75% rate of repeat business, as well as the fact that 90% of revenue is from referral-based business. The Company’s top five clients have been working with the Company from a minimum of 11 years to a high of 27 years. Industry Expertise: In addition to the principal’s extensive industry experience, many of the Company’s key employees also have significant industry and product knowledge. This wealth of experience and expertise provides The Company with a significant intangible asset and advantage over many regional and national competitors. Strong Supplier Relationships: Over the past 30 years, the Company has established very strong relationships with all of its key suppliers. The Company has continually been approached by its suppliers to expand its market coverage as a result of its ability to consistently surpass expectations.
Growth & Expansion:
Outstanding Growth Opportunities: The Company enjoys a long-standing (30+ years) reputation for its latest technology, equipment, and highly trained staff, differentiating itself from competitors. Management attributes its success to the strong brand recognition and dedication to service, driving customer acquisition. Strong Net Working Capital: In 2018, The Company's unadjusted current assets were approximately $1,023,000 and current liabilities were $74,000, resulting in a Net Working Capital (NWC) of $949,000. A strong NWC provides a pool of resources from which the Company can draw for continued growth and a strong buffer to maintain operations in the event of various systematic and unsystematic risks.
Support & Training:
Management Will Remain through Transition: The owner is willing to remain through the transition period, and would entertain remaining with new management for a longer period of time on a consultancy basis. Additionally, all key employees will be available to remain with new ownership beyond the sale of the Company.
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(from currently available funds)
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Gene Gall

Business Listed By:
Gene Gall

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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