General Contractor with Reoccurring Revenue and $350K+ in Cash Flow

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Asking Price:
$995,000

Gross Revenue:
$2,862,521
Cash Flow:
$360,995
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$20,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Here is a 30+ year old general contractor company, specializing in residential and commercial painting, drywall, insulation, coatings, coverings, carpentry, and tile. What makes this company different from most general contractors is the majority of revenue is sourced from long-standing customers in the commercial real estate space, such as property management companies for multifamily properties and HOAs, as well as sourced from referral relationships the company has with larger general contractors who specialize in restoration and emergency services work for insurance companies. These revenue sources are reoccurring and greatly reduce the risk to revenue that exists with most general contractors, where most of their revenue comes from individual homeowners. The Company has an excellent reputation for high quality work, supreme client service, integrity, and a courteous staff. The Company is fully staffed with a superintendent, supervisors, office manager, carpenters, and painters. A buyer should have knowledge and/or experience in the construction industry. General contractor and painting contractor’s licenses are required. Seller is willing to stay on with the Company post-sale. The Company has clean books and records! Inquire Now! For additional information please contact listing agents Adrianna Smith or Lana Hout at 310-560-5101 or 949-433-1291 and asmith@fcbb.com or lhout@fcbb.com

About the Business

Location:
Los Angeles County, California
Year Established:
1987
Number of Employees:
35
Facilities:
This is a leased location of 1,712 square feet with a Total Rent of $2,400. Lease ends 07/2018. Seller is active in the business . Hours of operation are 8 AM to 5 PM, Mon-Fri. $20,000 in FF&E included in Asking Price. Assets include 2013 Ford F-150 Truck! General Contractors License, Painting Contractors License and various business licenses Required.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
30 Days

Listing Info

ID:
1563605
Ad Detail Views:
143

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$
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Business Listed by

Adrianna Smith

First Choice Business Brokers LA
License# 01957172

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