The Company is a highly-regarded plaster company working with quality general contractors and homeowners. They specialize in exterior plastering for high-end, single family, residential (SFR) new housing. The business has built an impressive referral network and enjoys repeat business from general contractors, which speaks to the quality of work and the trust they have earned in the construction community. Staffed with long-term employees, a new owner will have a team in place to ensure a smooth transition. Construction businesses of the highest quality don't come to market often, so this is a unique opportunity for a buyer to step into a well-established and profitable plastering business. A buyer can choose to continue running the business "as is" maintaining its current profitability or leverage it as a foundation for growth.
- Asking Price:
- $1,300,000 Furniture / Fixtures included
- Sales Revenue:
- $2,561,013
- Cash Flow:
- $409,317
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The facilities include 2 separate properties, including buildings and acreage for the main property and acreage only for the second property. The main property is in excellent condition and completely remodeled and where the office will be relocated to and is the current location for trucks, equipment and where employees meet. The second property is used mainly for storage of items such as scaffolding and trucks. The properties are owned by the Seller and not included in the sale price of the business. The properties will be leased to the Buyer by the Seller.
Business Operation
- Expansion Potential:
-
The Company has a large potential for growth. Besides the high-end residential work currently offered, the Company could expand into work on commercial buildings, additions, alterations, maintenance and repairs. The Buyer could prospect for additional builder contractors and home owner re-modelers. A market plan and social medial presence could be initiated.
- Competition / Market:
-
While the growing presence of franchised operations could place competitive pressures on independent contractors, most plaster installers are localized and specialize their services to a specific regional market, reducing the threat of franchises as a minor concern.
- Reasons for selling:
-
Owners are retiring and will stay with the company for 4 weeks of training.
- Trading hours:
-
Monday-Friday 7am-4pm
- Employees:
- 22 FT/2 PT
- Years established:
- 24
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $130K down.
- Furniture / Fixtures value:
- $784,000 - included in the asking price
- Relocatable:
- This business can be relocated.
