Status: Sold
Highly Reputable Frame Construction Business - Listing #: 53093
| Category |
: |
Construction |
SIC |
: |
1791 |
|
| Detail |
: |
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Price |
: |
4,300,000 |
|
| County |
: |
|
Down |
: |
400,000 |
|
| State/Prov |
: |
Minnesota |
Disc Earn |
: |
1,417,871 |
|
| Country |
: |
USA |
Sales |
: |
7,694,473 |
|
This is unique dual construction material business has 18 + years of experience in the building industry and reached over $7 million in sales in 2022. Their success is primarily from word of mouth due to their outstanding reputation among the industry resulting in customer-based referrals. All materials are made in house and sized accurately then delivered directly to the job site, reducing the worry about scratch and dent issues drastically. This gives them the competitive edge amongst their competition. The business offers an array of products in the building industry and can support projects of any scope and size. The large sq. ft. warehouse located on a sizable acreage is included in the sale of the business.
| Reason for Sale |
: |
Retirement |
| General Location |
: |
Minnesota |
| Organization Type |
: |
Corp 'C' Hours Owner Works: 40 |
| |
: |
Years Established: 20+ Years Owned: 20+ Emp FT: 4 Emp PT: 1 Mgrs: 3 |
| Non Compete |
: |
Miles: 5 Years: 250 Weeks Training: 4 Cost: $0 |
| Operating dys/hrs |
: |
Monday-Friday 7:00 am to 4:30pm |
| Skills/Licenses |
: |
General Contracting License |
| Business |
: |
Is Relocatable: N Is Home Based: N Is a Franchise: N Is Lender P/Q: N Should Qualify For Visa: Y |
| Data Source |
Tax Return |
Tax Return |
Tax Return |
|
| Year (Cash Flow) |
2022 (N) |
2021 (N) |
2020 (N) |
|
| Gross Revenue |
7,694,473 |
5,338,263 |
5,273,258 |
|
| Cost of Goods |
5,536,308 |
3,814,887 |
3,747,091 |
|
| Gross Profit |
2,158,165 |
1,523,376 |
1,526,167 |
|
| Expenses |
1,086,730 |
988,069 |
948,063 |
|
| Net |
1,071,435 |
535,307 |
578,104 |
|
| Owner Salary |
181,924 |
238,156 |
131,130 |
|
| Benefits |
153,793 |
65,000 |
65,000 |
|
| Interest Expense |
0 |
0 |
0 |
|
| Depreciation |
10,719 |
11,521 |
136,198 |
|
| Other |
0 |
0 |
0 |
|
| Discretionary Earnings |
1,417,871 |
849,984 |
910,432 |
|
| Accounts Rec |
0 |
N* |
Real Estate |
800,000 |
Y* |
| Inventory |
813,197 |
Y* |
Assets |
502,605 |
Y* |
| F F & E |
108,690 |
Y* |
Total Assets |
2,224,492 |
Y* |
| Leasehold |
0 |
N* |
| *Included? |
|
| Lease/Month: |
Square Footage: 16,500 |
Building Type: Office/Warehouse |
| Terms & Options: OWNED |
Expiration Date: |
| JASON BROOKS |
Office |
: |
(239) 849-9334 |
|
| ASSOCIATE |
Fax |
: |
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|
| |
Home |
: |
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| SUNBELT BUSINESS BROKERS NAPLES & FT MYERS |
Cell |
: |
(239) 357-7073 |
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| 2640 GOLDEN GATE PARKWAY, SUITE 204 |
|
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| NAPLES, FLORIDA 34105 |
Email |
: |
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| USA |
Home Page |
: |
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