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Contractor customers use this company's waterproofing services


Waterproofing_2

This company packs a big punch! Its owners have continued to improve its revenues year-after-year for the past decade. Their motto is simple: employ quality technicians who are awarded for above average results;utilize good communication and engage quality follow through.

The owner/founder landed in the industry almost by accident. In 2009 he alone began servicing residentialremodel homeowners and home building contractorswith a niche construction service. What he discovered was nothing short of astonishing. Competition, he discovered, was slight, and now a decade later, revenues are approaching $1.5MM.

The company’s books and records are organized,understandable and transparent. They have experienced double digit revenue increases each year since 2011! A partial list of assets included are: eight fully equipped trucks and continued use of its custom-tailored enterprise management software system.

The company leases an 18,000 SF yard with small project manager office as well as a 1,300 SF four-office space about a mile away. Owners are grooming a highly experienced industry professional to inherit full-time management of the operation.The following tasks are completed by others on their payroll: installation of the product, loading of material for specific jobs, labor for maintenance on trucks & equipment, tax-related bookkeeping, custom business software programming and phone call intake for new estimates and job-related questions. 80% of manager activities are devoted to coordinating new and current jobs.

Current CSLB licenses required are C-61 and D-12 (synthetic products) and are not transferrable. Current owner can provide license RME status for a new owner until their CSLB license is in place.

Powerful and achievable revenue growth opportunities exist for a new owner/operator who is motivated to scale and grow the business to new heights.

Current ownership is selling to build a new company in an unrelated field.

1st Quarter 2018 Sales: $348,588 – 1st Quarter 2018 SDE: $99,090

Take what they have created and run with it! This is priced to sell!



Listed By: Margot Murphy

Background information

Reference:

1782365-MM

Year established:

2009

Reason selling:

Current ownership is selling to build a new company in an unrelated field.

Finance

Sales:

$1,383,832

Profits:

$400,355

Profit type:

Discretionary Earnings

Operations

Employees:

Monthly Payroll: $28,040, 7 F/T and 1 P/T employee

Premises

Rent and lease terms:

Leased Space: 18,000 SF yard $3,799/MO and offices $1,250/MO

Price and terms

Price:

$604,000

Down payment:

$90,600

Financing:

SBA approved via ReadyCap Lending, Andrew Simon

Training:

Current owner will provide adequate transitionary training for full integration of new owner into current operations.