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Nov 18, 2019 — With Outstanding Management Team & $6.5MM in Backlog
This full-service tile contractor serves the Midwest region. Commercial projects represent 90% of the work. Services include assistance in all phases of project design, material selection, purchasing and sales, first-quality installation and ongoing care.
Tenured management is in place and can be adapted to the Buyer’s preferred configuration. It is a lean operation with less than 40 employees. 50% of the installations are performed by any one of a reliable network of subcontractors affording the company a low overhead and the ability to respond quickly to market changes.
Capital expenditures are minimal because the operation requires few fixed assets and no inventory is warehoused. AR write downs have historically been less than $10K annually. Stellar profitability is achieved with superior management controls, precision bidding, and a rapidly growing % of negotiated work.
Real Estate can be purchased for an additional $725,000.