Sold
Contractor customers use this company's waterproofing services
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.