Commerical Contractor Specialty Interior Finishing and Framing Contractor
Location: Virginia > Northern Virginia
Industry: Building and Const. Services > Construction Sub-Contractors
Financials
Asking Price: $2,500,000
Gross Revenue: $14,500,000
Gross Revenue Comments: 2007
Cash Flow: $745,000
Cash Flow Comments: 2007 EBITDA
Inventory: $21,000 (Not Included in Asking Price)
FF&E: $378,000 (Included in Asking Price)
Seller Financing: Yes to qualified buyer.
Business Summary
This exceptional Specialty Commercial Framing and Interior Finish Contractor (non union) has been established over 24 years in a dynamic market that enjoys the 4th largest economic productivity in the nation. The Company has established a reputation for successfully completing high visibility projects with intricate, high-end, and unusual interior applications such as Museums, Airports, Universities, and major projects with retail, office and residential components. The Company procures its work through prominent regional, national, and global contractors. The owner is absentee and is in the process of divesting his holdings. A full management organization is in place with key personnel having long service in the Company.
The Company has had an accumulative double digit average growth over the last several years with 2007 revenue of $14,500,000.00 with a recasted EBITDA of over $745,000.00 for the same period. The Company has over $17,000,000.00 in outstanding contracts. Furniture, Fixtures and Equipment has an economic value of approximately $265,000.00, and tools with a fair market value of $125,000.00.
The Company’s focus is to continue to minimize competition by identifying projects that are large and have unusual or technically challenging finish applications thereby reducing the number of competitors and increasing profit potential.
The asking price is $2,500,000.00 plus fair market value of Inventory (Inventory includes warehouse and as of yet unbilled inventory on projects).
Plus seller’s portion of profit of unapproved change orders and claims (approximately $6.3 million as of November 2007).
Sellers will consider a portion of the selling price in deferred payments for a term of three to five years depending on the purchase price. we look forward to your inqiury.
The Company has had an accumulative double digit average growth over the last several years with 2007 revenue of $14,500,000.00 with a recasted EBITDA of over $745,000.00 for the same period. The Company has over $17,000,000.00 in outstanding contracts. Furniture, Fixtures and Equipment has an economic value of approximately $265,000.00, and tools with a fair market value of $125,000.00.
The Company’s focus is to continue to minimize competition by identifying projects that are large and have unusual or technically challenging finish applications thereby reducing the number of competitors and increasing profit potential.
The asking price is $2,500,000.00 plus fair market value of Inventory (Inventory includes warehouse and as of yet unbilled inventory on projects).
Plus seller’s portion of profit of unapproved change orders and claims (approximately $6.3 million as of November 2007).
Sellers will consider a portion of the selling price in deferred payments for a term of three to five years depending on the purchase price. we look forward to your inqiury.
About the Business
Facilities: Are detailed in the summary.
Market Outlook and Competition: Are detailed in the summary.
About the Sale
Management Training and Support: Support and training will be provided.
Reason For Selling: Wishes to pursue other interests.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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