Price:
$
1,806,000
Long Standing Commercial Specialty Finishes Contracting Company
Long Standing Commercial Specialty Finishes Contracting Company
Cullman
$
1,806,000
This listing is for a commercial maintenance coating company that has served Central and North Alabama for 70 years. As the third-generation approaches retirement it is time for the business to be handed off.
This company has performed with average revenues for the last 4 years of $2,788,000. The contract maintenance side of the enterprise serves the healthcare industry and defense industry space and many others in North Alabama. Architectural Coatings maintenance and Commercial Flooring service revenues occur in Cullman, Jefferson, Morgan, Madison, Walker counties and others.
The adjusted owner benefit for the company for the last 3 years has been $440,000. 2023 revenues and profits are expected to perform above average. Currently project quotes on the books are over $1,000,000.
The company has also amassed the assets of 6 commercial locations, spread over their service footprint, that are available as well, in whole or, as part of the transaction with a FMV estimated at $4,351,000.
For more information contact Rick Gilmore direct 205-369-5584 or connect at rickg@sunbeltnetwork.com. All prospects inquiring will be required to execute confidentiality and non-disclosure agreements.
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Listing Details
Long Standing Commercial Specialty Finishes Contracting Company
Location:
Cullman
Down Payment: $ 180600
Year Established:
1947
Reason for Selling:
The third generation owners have reached retirement
Gross Revenue:
$
2889392
Cash Flow:
$
505087
Home Based:
No
Franchise:
No
Relocatable:
No
SBA Prequalified:
Yes
Lender Prequalified:
Yes
Full-Time Employees:
32
Owner Worked Hours/w:
40
Adjusted EBITDA:
$
362072
Inventory Included:
No
Inventory Value:
$
350000
Real Estate Available:
Yes
Real Estate Included:
No
FF&E Included?:
Yes
Disclaimer: The numbers are current estimates and are subject to change.
Business Description
This listing is for a commercial maintenance coating company that has served Central and North Alabama for 70 years. As the third-generation approaches retirement it is time for the business to be handed off.
This company has performed with average revenues for the last 4 years of $2,788,000. The contract maintenance side of the enterprise serves the healthcare industry and defense industry space and many others in North Alabama. Architectural Coatings maintenance and Commercial Flooring service revenues occur in Cullman, Jefferson, Morgan, Madison, Walker counties and others.
The adjusted owner benefit for the company for the last 3 years has been $440,000. 2023 revenues and profits are expected to perform above average. Currently project quotes on the books are over $1,000,000.
The company has also amassed the assets of 6 commercial locations, spread over their service footprint, that are available as well, in whole or, as part of the transaction with a FMV estimated at $4,351,000.
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