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Asking Price:	$1,800,000 USD USA Dollars
Business for Sale Industry:	Services: Construction, Contractors
Reason for Selling:	Owner retiring after 30+ yrs in the business
Year Established:	1974
# of Employees:	9
Yearly Cash Flow:	$529,000
Yearly Gross Income:	$2,600,000

Business for Sale Overview:

The owner of this business took home $1 mill this year, while most contractors lost money. Including this year, the avg earnings for the past 3 yrs have been $529K. This 33 yr old business provides drywall, interior/exterior finishing, acoustical ceilings, doors/trim and tile work (mainly drywall/finishing). Owner works about 25 hours per week; two key employees (9 total) have been employed for 10 to 25 yrs. Owner's main role is high level negotiations, oversight of employees and occasional reading of blue prints. Based on the negotiated selling price, the owner is willing to do earn-out.

Property Features and Assets:

Contractor office is about 2200 sq ft with 1800 sq ft warehouse space. Included asset value is between $50K and $100K; one company vehicle. Competition: Mainly in commercial sector which has not been impacted as much as residential.

Market Competition and Expansion:

Per the owner, with the appropriate steps, this business can double next year. Almost 100% of the business is commercial (higher GP); this is important since this sector has not slowed as much as residential (most contractors have been down significantly >25%, but this company was up 36% from '06 to '07 and 200% from '05 to '06. Support/Training: Training period shall be for a min of 30 days. Owner willing to remain for multiple years as consultant. Reason Selling: Owner retiring after 30+ yrs in the business Year Established: 1974.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.