Very profitable stucco, plastering & EIFS installation.
| Asking Price: | $1,695,000 | Inventory: | $62,000 ++ |
| Gross Revenue: | $2,682,000 (comments below) | Real Estate: | $750,000 ** |
| Cash Flow: | $655,000 (comments below) | FF&E: | $377,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Last Full Yr. 6-30-09 | |||
| Cash Flow Comments: Last Full Yr. 6-30-09 | |||
Certified exterior installation finish systems (EIFS) applicators which also specialize in stucco. Company is well established and has a good reputation in the trade and a long standing work history with its main customers. All employees must take a background check. The company provides good quality work – when there is a discrepancy it gets fixed. Taking care of the customers is extremely important. All employees are certified in scaffold, forklift and CPR. Scaffolding is always set to OSHA standards.
About the Business
Year Established:1997
Employees:40 full time -
Relocatable:Yes
Facilities:1+/- acres close to Austin, Texas with a 4,500 sq. ft. building with offices. The premise is owned by the Seller in a separate entity that would prefer to sell the real estate as an optional purchase for $750,000. Seller is open to leasing for $8,000/mo. or lease to purchase arrangements.
Market Outlook and Competition:The Texas market was down slightly. It is now starting to grow again. New jobs are being bid and booked weekly. There are very few true competitors of this caliber in the market. A new owner may want to bid on high end residential or more multi-family and high rise buildings. They could also extend their geographic reach to DFW and Houston.
About the Sale
Management Training and Support:Seller will transition for 30 days and is open to longer consulting agreement.
Reason For Selling:Seller has health issue.
Seller Financing:Seller is open to partial financing to qualified buyer.
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