We are pleased to offer a terrific business that offers specialized services to contractors and to clients throughout Michigan from its 8,800 square foot facility in southern Michigan. The owner is ready to retire and is willing to stay on and train the buyer as long as necessary.

The business has eight full-time employees and a number of part-time employees, all non-union and all of whom are both fully trained and carry appropriate State of Michigan licenses. The company’s revenues are 75% generated from B2B contracts that include municipal buildings, industrial facilities, hospitals and the like. The remaining 25% of revenues come from the residential community though contractors. There is no client concentration.

So far for 2017 the company has been awarded a great contract that should nearly double sales, this work begins in March of this year.

The business is known as a leader in the industry using best practices in its field. It also has an outstanding record with the State’s environmental agency.

Revenues have ranged the past several years from $850,000 to $900,000. In 2016, revenues were $874,516 resulting in Seller’s Discretionary Earnings (SDE – the normalized cash flow available for an owner-operator to pay himself and service debt) of an impressive $223,405. The listing price includes nearly $100,000 of inventory and $150,000 of equipment. A meaningful seller note will be available for a qualified buyer. The real estate is owned by the sellers and can be purchased in a separate transaction or leased under favorable terms.

Obvious growth opportunities include the possibility of expanding into neighboring states, something that has not been an option due to the seller’s health issues.

Posted Oct 13, 2016

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