Business for Sale Overview:
The March Group currently represents a well-established and profitable flooring contractor specializing in resin seamless coatings, stamped concrete and acid staining. Primarily serving the industrial (44% of revenue), hospital and pharmaceutical (30%), and residential (18%) markets, the Company completes approximately one dozen projects per month. Posted 2008 EBITDA of $347,242 on sales of more than $2.7 million. Management has initiated efforts to increase margins on materials and bid projects with a minimum target of 10% net profit. The Company generates 100% of revenue via customers located in the Southeast U.S., primarily in Georgia and the Carolina. Estimates attribute approximately 75% of projects to renovation work, while the remaining 25% is in new construction. Since 2005, the Company has focused on developing installation techniques that cater to the hospital market, which the firm has identified as a significant growth market and continues to actively pursue.
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Property Features and Assets:
Leases a 6,000 square feet facility, utilized for warehouse, shop and office space.
Market Competition and Expansion:
Hospital, pharmaceutical, and clean room projects are expected to continue to drive growth as well as sales efforts to expand relationships with local builders and developers. Other opportunities include the expansion of the geographic territory served through satellite offices, and the expansion of services to include the pouring and finishing of large concrete slabs for residential projects, and curb installation, which is currently under served by local contractors.
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.