Price Reduced! Exceptional commercial tenant improvement contractor established over 18 years. $6.2 million in sales, $543,640 Discretionary Earnings, offered at $1,475,000 is available for acquisition. The business is pre-approved for 10% down with SBA financing.
The company specializes in tenant improvement services for property managers of commercial buildings and is known for its top-quality construction and expertise. The company does not do residential remodeling or new construction and only does commercial TI projects.
The company has steady sales due to its successful development of long-term customers, competitive pricing, and fast-track scheduling. The seller has built a company with excellent infrastructure and a team of 12 knowledgeable and professional employees including a superintendent, estimator, 3 commercial carpenters, 4 painters, laborer, and Admin.
There are abundant opportunities for growth as the company does not have a salesperson and does no marketing. The company’s current growth is solely from its existing customers and referrals.
Summary:
* Offered at $1.1 million + A/R
* $6.2 million projected sales 2024
* $543,640 Discretionary Earnings
* $166,075 Down w/SBA Financing
* 12 employees
Services:
* Commercial Tenant Improvements for Commercial Property Managers
* Offices, conference rooms, call centers, professional offices, retail spaces, & industrial buildings
Staff
* 12 employees
* Field Superintendent
* Estimator
* 3 Commercial Carpenters
* 1 Laborer
* Part-Time Admin
Buyer Skills and Requirements:
The owner is actively running this business and the buyer will have to be willing and capable of learning to run the business, plus learn the technical aspects of this business. This is not a passive-owner business.
The owner has a General Contractor License and will act as the buyer’s RMO (Responsible Managing Officer) for up to 12 months (maximum allowed by SBA). The buyer will have to obtain their General Contractor license within 12 months. The Seller will provide training for 4 weeks/40 hours per week and in addition, will provide limited consulting as negotiated after the initial training period.
Reason for Selling:
The owner is retiring and is highly motivated to sell.
Inquiries from principals only
