Business for Sale: Established Fire Protection Company – Founded in 2001, this business has experienced consistent and controlled growth, specializing in fire protection installation for new construction and retrofit projects, including sprinkler systems, related piping, and fire pumps. With an excellent reputation, the primary clients are contractors and developers, with new construction accounting for 80% of revenues and service income at 5%. The main partner is looking to retire, but the minority partner, who handles day-to-day management, is willing to stay on. This company presents a prime opportunity for continued growth in the fire protection industry. $ 900k in working capital included in the price.
- Asking Price:
- $5,800,000 Furniture / Fixtures included
- Sales Revenue:
- $8,719,129
- Cash Flow:
- $1,637,703
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Business operates in an office space of 2,770 sq ft. Rent is $5,000 per month (including CAM and sales Tax). The lease expires in 09/30/2024. Option for 3 or 5 years are available.
Business Operation
- Expansion Potential:
-
The business has been turning down jobs. The business needs working capital in order to be able to grow. With additional working capital the business can grow much more with the same structure that they currently have. The business is also putting effort in developing the service and maintenance business unit.
- Competition / Market:
-
There are several companies that do this type of work, however the market is very big. This company is about the 10th in size and has a great reputation.
- Reasons for selling:
-
Majority owner wants to retire.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 42 FT
- Years established:
- 23
Other Information
- Support & training:
-
Will train for 3 weeks @ $0 cost.
- Furniture / Fixtures value:
- $347,738 - included in the asking price
- Relocatable:
- This business can be relocated.
