Business Highlights: Owner retirement / orderly divestment by the owner of a select company in his portfolio. The holding company maintains accounting and operational oversight of this company while allowing them day-to-day autonomy. Key management in place. The company can handle the entirety of any commercial and residential development in the respective trade.
License: The company holds a California General Building License.
Growth/Expansion Opportunity: There are multiple avenues for growth within the businesses. At present the company serves over 20 clients that it has maintained long-term relationships with. This year the company added several new customers. The company is estimated to have only a 1% market share in the area/market segment it serves.
Equipment/Inventory/Vehicles: As of 9/1/2023, the fair market value of equipment included in the sale is approximately $1.5MM. Inventory at normal run-rate business is minimal.
Real Estate: This business operates out of multiple owner-owned and leased locations. The sale of real estate holdings is negotiable, or favorable long-term leases may be structured. Real estate has an estimated value of $3.0MM subject to appraisal – purchase would be in addition to the price listed above.
Financing: Credit facility – proof of funds, required to obtain CIM.
