LUCRITIVE NICHE SPRAY FOAM INSULATION BUSINESS
Southeast, Michigan
| Asking Price: |
Gross: |
Cash Flow: |
| $890,000 |
$676,175 |
$301,608 |
Furniture and Fixtures Value:
$64,000 (included in the asking price)
Inventory Value:
$0 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
After a successful long run in the business, the owner of this highly reputable operation is ready to step back. Presenting a lucrative niche focused company specializing in spray foam insulation and coating services including Polyurethane Foam, Single-Ply Protective Coatings, Single-Ply Restorations and service call repairs. Insulation and waterproofing are the core of this business focusing on commercial industrial roofing with a small mix of selected qualified residential projects. The company offers high end/ high efficient insulation products, the most high profile on the market, which is spray applied. This business positioned itself as the industry expert with small, but well-trained dedicated crew and honest work ethic. The Owner is not working on the field and spends between 15-20 hours weekly with responsibilities consisting of overseeing the operations, estimating and troubleshooting when needed, customer service and accounting functions. The Seller would like to see the business succeed and is happy to stay on board for a negotiated period to familiarize the buyer with all aspects of the business. The business is attractively offered at below 3 x SDE with plenty of room to grow and excellent profit margins. More information is available with signed NDA and proof of financial capabilities.
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| Year
Business was Established: 1996 |
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| Number of Employees:
2 FT |
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| Facilities / Terms of Lease:
The company currently stores all of its equipment in a 40x60 pole barn located on the rental property premises owned by the seller. The property is not included in this sale, but available for additional price should the buyer desire to purchase it. The rest of the business operations are running out of owner’s home office. |
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| Potential
Growth/Expansion:
With long standing respect in the industry and fresh energy of a buyer this business is poised for continued growth and expansion. There is an opportunity to turn current employees into supervisors and add another crew to support additional jobs. Stellar reputation of the company will allow to add additional jobs with minimum effort. |
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| Competition:
Outstanding reputation, integrity and dedicated staff allows the company to separate itself from the rest of the competition and retain their clients consistently with minimum marketing effort. |
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| Owner
willing to finance:
Negotiable. SBA Loan is available for a qualified buyer. |
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| Owner
willing to train:
: The owner will provide all necessary training to ensure smooth transition . He is also willing to remain in consulting capacity post-transition, if desired by the buyer. |
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| Reason for selling:
After many years of running the business, the owner is planning for retirement. |
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| This business is Home Based.
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| REQUEST MORE INFO |
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