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Specialty Fire And Safety Equipment Union Installation Company For Sale

Girard, Ohio, US
Asking Price:
On request
Sales Revenue:
Over $5M
Cash Flow:
$500K - $2.5M

The company was established in 1970's to provide installation, service, and inspection of fire protection systems. As the company matured, fabrication and material for fire protection systems became important seeing steady growth over the last four years. Installation, service, inspection, and monitoring of fire alarms services began being offered as a convenience to their customers, mainly instituted by customer requests. Fabrication and design are performed in house, easier to meet customer blueprint demands and allowing for speedier success with projects that have tight schedules.

Key Aspects
60% of all sales are repeat customers
Competitive advantage with fabrication done on site, easier to meet customer blueprint demands
Family business with 42 years of service with an excellent reputation in the community
Easily adapts, accommodates tight schedules because both fabrication and design are performed in-house
Trade Union members LU 669 & LU 120
Building and fire codes have become increasingly aggressive in mandating sprinkler systems for insurance and safety reasons making this space even more valuable in the future
Re-occurring contract revenue for annual inspections

Opportunities
Business expansion in Cleveland, OH & Western, PA markets
Demand for fire sprinkler systems continues to rise across industry sectors, propelled by sustained growth in the construction and real estate markets, technology innovations, government regulations, and emerging collaborative efforts between grassroots and fire-safety organizations
The enactment of more stringent building codes has helped bolster the commercial market, which includes offices, multi-family residential, warehouses, industrial facilities, retail stores, and other public buildings

Headquartered
Girard, Ohio (Trumbull County)

Current Markets
Northeast Ohio, Western Pennsylvania, & West Virginia

Real Estate
The companies lease a 17,920 facility from a related entity and could be leased or sold to a new buyer.

Shareholder Objectives
The owners are selling the companies because some are reaching retirement age and others want to move onto different passion projects. There will be a member that will remain on for a period in order to facilitate a smooth transition.

Property Information

Real Estate:

Real Property Included

Location:

Girard, Ohio

Other Information

Related Documents:

Contact Benchmark International

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