Commercial Construction Subcontractor

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

12,300

Lease Expiration

30/11/2030

Employees

9

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

The building is estimated to be 12,300 square feet and as such is adequate for more than the volume of business the company is currently handling. Both the inventory areas and make ready areas are generously sized. The office area has significant underutilized space. The building is separately owned by the sellers. The preferred structure is a five-year lease at the current rate with an option to purchase at the end of the five-year lease term.

Competition

The company has many repeat customers, some of which often request work outside of the preferred market area. While there are many glass companies and multiple glazing firms, management feels they have a competitive advantage due to its reputation of timely and accurate performance combined with fair pricing, they receive many of their requests for bids.

Growth & Expansion

The existing backlog of approximately $7mm will drive higher sales at least through the next 2 years. The simplest growth is organic by both adding personnel and working outside of the preferred market area. The current owners want to retire and are not actively pursuing this. The company only does commercial work, there are acquisition targets that do either or a combination of commercial and residential work.

Financing

At the seller's option, no more than 10% may be considered if SBA financing is used.

Support & Training

Transition training will be for up to six months at a negotiated fee. The existing backlog will require considerable guidance to complete. A commission/fee on this backlog will be part of the negotiation and like the lease is already deducted from the cash flow.

Reason for Selling

Retirement