This exceptional firm sets the bar high for their specialty services in the greater Charleston region. This region is reported to be the most rapidly growing area in the southeast. Their high-quality, specialty construction services are the preference of discriminating homeowners and very high-end builders. They continue to experience substantial growth.
The staff and owners have built a superior and lasting reputation over a number of years, based on high-quality products and superior services that align well with this high-end demand. The processes they follow have been well honed, are of benchmark quality, and provide staying power for the successful buyer. Their unique customer base and services' mix helps to insulate them from normal cyclical dynamics. They are in "first position" vs, their competition.
The driving force behind Charleston's regional growth have been: recognition as #1 city for tourism; manufacturing expansions; and baby boomers and "new money" seeking a charming southern lifestyle and investment opportunities.
The owner has been effectively running at staffing "capacity." He has chosen not to add staff to take on available additional business and does minimal advertising. He's ready to move on the "next stage" of his life.
The extraordinary business and regional factors have combined to drive substantial profitability an growth. These factors combined with the strength of staff provide a sustainable platform for the new owner.
Seller Discretionary Earnings for the latest 12 months were about $1.2M.
Asking Price: $4,750,000 Gross Revenue: $10,800,000Cash Flow: $1,200,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: $1,400,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Leading Specialty Services --Remodeling & New Construction
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