Business For Sale Listing 105663
General Contractor
Status as of Dec-4-2008 at 06:10 PM: Active
Business Summary
15 year old very stable general contractor specializes in home improvements to include siding, aluminum windows, carports and sunrooms. This company enjoys a great reputation and history as the leader in their market.
Sales have been traditionally stable at a little over $3M per year, but recently after Hurricane Katrina sales have been increasing and 2006 sales are projected at $4,500,000. Services are delivered by 12 full time employee installers and 8 part time (1099) contractors. The organization is properly staffed to sell and install at an annual sale pace of around $5,000,000. Buyer can use general contractor’s license to do any type of building construction work. This could be very valuable as “billions of dollars” will be sent on reconstruction over the next few years in the aftermath of Hurricane Katrina.
The owner will entertain an asset or stock sale. Currently, the company is holding around $300,000 in cash with an additional $500,000+ in current receivables. EBITDA for 2006 is projected to be in excess of $500,000.
This owner’s strength is in marketing and he is willing to stay on with a new owner. His talent is hiring, training, motivating and maintaining an effective sales effort.
The real estate (8,000 sq ft.) is included in this transaction, but can be excluded if the purchaser desires. The building is in a very high area of New Orleans that did not flood. A recent real estate broker opinion placed the value of the real estate at around $825,000.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($3,200,000) |
| Profits: |
Between $500 Thousand and $1 Million ($500,000) |
| Profit Type: |
Cash Flow |
| Asking Price: |
Between $1 Million and $2.5 Million ($2,200,000) |
