Asking Price: $5,500,000

Gross Revenue: $12,000,000

Cash Flow: $1,200,000

Inventory: $150,000 (Not Included in Asking Price)

Seller Financing: Seller will provide partial financing

The Company is a mechanical contractor specializing in industrial piping, commercial plumbing, and wet side heating for commercial, multi-unit residential and industrial buildings and structures. The Company was founded in 1987 by two partners, and then incorporated as a subchapter S in 1990. The Company has been operating from its current location since it was founded.
The Company has had steady growth since its inception.
The Company has invested 20 years in the marketplace. It has gathered momentum each year by adding solid employees and a deepening customer base. 80% of the Company’s business is generated from repeat customers.

Year Established: 1987

Employees: 80 full time -

Facilities: The current facility consists of more 3000 sq. ft. building exclusively used for offices and approximately 6000 sq. ft. steel building used as warehouse and pre-fabrication area. The office building was remodeled only two years ago. There is a fenced yard for fleet parking and storage, and additionally, there are approximately 40 parking slots for employees along side of the building.

Market Outlook and Competition: The most significant advantage the Company has over its competitors is that almost 80% of the contracts awarded to it are through negotiations with customers, and not bidding. This process allows the Company to design the project to meet the budget of its customers without compromising its margin and quality of its work. The competitors, on the other hand, are very dependent on the bid specification market and therefore face a fierce competition from other contractors and thus compromising on their profit margin.

Management Training and Support: One of the manager who has been with the Company for a5 yrears would stay with the Company after the sale and would prefer to take over the responsibilities of the current owner.

Reason For Selling: Seller pursuing other business interest