CONSTRUCTION MANAGEMENT AND CONTRACTING BUSINESS WITH UNIQUE ADVANTAGE AND RAPID GROWTH
(CONSTRUCTION, GENERAL CONTRACTING)
KINGS, NEW YORK
Listed Price: $ 3,400,000
Listing ID: XC2161012
Listing DetailsDown Payment: $ 1,700,000
Gross Revenue: $ 3,200,000
Cash Flow: $ 680,000
Accounts Receivables: $ 165,000 (Included in Price)
FFE: $ 5,000 (Included in Price)
Form of Ownership: LLC
Reason for Sale:
RETIREMENT
Training & Support:
COMPLETE TRAINING INCLUDED
Listing SummaryBusiness Description:
CONTRACTING BUSINESS WITH UNIQUE ADVANTAGE AND RAPID GROWTH
The Company is the only installer and contractor in the region for a major retailer that sells entirely to people renovating, remodeling, and redecorating their homes. Customers of this major retailer who require installation or contracting in the NY Metro & NJ area are directed to the Company. Currently the company has approximately 30 in-home design appointments weekly and is booking between 15-25 installation/renovation projects weekly. The Company’s 6 salespeople close approx. 40% of their appointments. The business is very well organized with an online scheduling system to keep projects on track. Required audits from the retailer have kept the books in very good order.
Historical Summary:
The Company was founded in 2012 amidst competition with three other contractors providing services to the same retailer. When the other contractors became unreliable and unable to deliver the high standards required, this Company became the exclusive provider and has maintained superior customer service ratings to date.
The Company is experiencing rapidly increasing annual growth (43% and 67% for the last two years). Net profit margins have also increased from 15% to 25% because of operational efficiencies and a commission-based pay-structure
Currently, the Company only generates new business by referrals from the retailer and has seen 43% and 67% growth the past two years. Since the Company’s designers/salespeople are onsite, there is a huge opportunity to up-sell additional general contracting work to the same customers. The Company also does not advertise but a new owner could take advantage of the Company’s spectacular reputation and track record.
Owner Qualifications:
BUSINESS , construction management experience is a plus but not necessary.
Competition:
NONE ! As the preferred and only provider, competition is only an issue if the service or quality of the Company deteriorates.
Potential Growth:
UNLIMITED
Financing/Terms:
50% DOWN AND 50% SELLER FINANCING
LocationOption: YES
Lease Security: 1600
Monthly Rent: $ 1,600
Square Footage: 1000
Type of Location: Office Building
Facilities:
OFFICE IN A COMMERCIAL BUILDING
OperationYear Established: 2012
Days & Hours of Operation: M-F 9-5
Owner Hours: 30
Employees: 20
Managers: 1
Absentee Owner: Yes