Business For Sale Listing 139654
Established/Growing/Fire System Installation Co.
Status as of Nov-30-2008 at 06:02 PM: Off The Market
Business Summary
This is a well established fire protection systems/sprinkler design and installtion company in the fast growing Salinas region. Currently the business has $1,129,173 in revenue under contract through 3/19/2007. Revenue breakdown as follows: 70% residential and 30% commercial. Residential also includes custom homes which are extremely profitable. The territory serviced is King City to San Jose. Large opportunities exist in Southern San Jose and Gilroy as well as Morgan Hill due to large commercial parcels being developed. The owner indicates that the company is undercapitilized and unable to take advantage of this market. The service side of the business is another area that needs growth.
Company billing and payments are as follows: 10-15% of the job upfront for design etc, 75% on rough in, and balance on completion. Invoices are net 45 days. Factoring could help cash flow. The owner's son-in-law holds the necessary license and acts as General Manager. He will stay with new ownership. There is another key employee that can qualify for the license as well, if needed.
Categories
| Industry: |
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| Location: |
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| Other: |
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Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million (1,625,195) |
| Profits: |
Between $100 Thousand and $500 Thousand (204,203) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Fiscal Year: |
12 months |
| Asking Price: |
Not Disclosed (Unpriced) |
