For Sale
Primed to further capture the industry, this business specializes in traditional interior plastering which includes veneer and Venetian plastering, plus exterior finish systems (EIFS), direct-apply finishes, wire lath/stuccos and stone aggregates.
Servicing the Greater Chicago & Northwest Indiana regions for almost eight decades, expansion opportunities exist to include drywall, painting, caulking and framing services in-house instead of outsourcing.
Holding receivables of $300K outside of the asking price, gross sales for 2022 were near $1.2M and 2023 revenues were $1,454,440 alongside discretionary earnings of $336,382.
Boasting high ratings and strong ongoing reputations, the customer concentration is diversified, allowing flexibility to optimize operations without affecting sales traffic.
Headquarters is run from a home-based office and a warehouse facility of 2,500 square feet that holds a tenancy of $2,500 per month and is available for purchase separate from the business or can be relocated to new premises.
A skilled team of seven union employees with involved ownership is likely to stay post-sale and continue streamlined processes after a smooth transitioning of three to nine months with kept manager roles throughout.
Besides an active website and verbal referrals from a repeat customer base with long-term contracts, a strategic marketing program and aggressive advertising with online engagement can help maximize market outreach.
