New Jersey Business For Sale

Business Overview:

Our client is the owner of a well-established ceiling tile installer, mostly for commercial buildings. With an established referral system for new jobs, the company has weathered several cycles in the construction industry – even with a slight decline at this time - as the business has a distinct cost competitive advantage versus traditional contractors. Better yet, it’s an “indoor” profession, allowing you to take your pick of employees – the ones who like the A/C in the summer and warmth in the winter – versus competing for employees with other outside related jobs. The company had stable customer relationships during the past ten years with a little bit of a drop off in sales last year due to the overall economic activity. However, the company continues to have consistent project flow and expects to conclude 2009 ahead of 2008. The owner, who already relocated to the mid-west for family reasons two years ago, operating the business as an absentee owner, is motivated to make this an easy transfer and will assist a buyer in all aspects of the transfer. The long- term, loyal employee base will stay with the business and will ensure the continued growth. The business is attractively priced, and a buyer can recoup his initial cash outlay of only $250,000 in a little bit over a year. Free cash flow (after debt service/ acquisition) is approximately $120,000, with significant upside potential. The business does not require bank financing as the seller will extend a note; and the assumption of $65,000 A/P is partially offset by A/R of $40,000 (all current). Why Buy? more than 10 years in existence loyal employees staying after a transition motivated owner to strike a deal can be located anywhere can be run from home no special skills needed great sales upside.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

There is a very small warehouse for merchandise overage returns, which can ultimately be eliminated. Lease does not have to be assumed. The office can be run from Buyer's home.

Market Competition and Expansion:

Competition: There is limited competition due to a cost competitive advantage Growth and Expansion: Despite the current economic environment, a continued growth pattern is projected, due to growing GC contacts and recurring business.

Reason for Selling:

Relocation Due To Family Reasons

Additional Details: