Long Standing Commercial Specialty Finishes Contracting Company
Relocatable, AL Cullman County
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- RE: Long Standing Commercial Specialty Finishes Contracting Company
- Contact: Rick Gilmore
Quick Facts
| Asking Price: | $1,806,000 | |
| Annual Revenue: | $2,889,392 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $505,087 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1947 | |
| Employees: | 32 | |
| BBN Listing #: | SB-53498 | |
| Broker Reference #: | BIRMIAL001-53498 |
Business Overview:
This listing is for a commercial maintenance coating company that has served Central and North Alabama for 70 years. As the third-generation approaches retirement it is time for the business to be handed off. This company has performed with average revenues for the last 4 years of $2,788,000. The contract maintenance side of the enterprise serves the healthcare industry and defense industry space and many others in North Alabama. Architectural Coatings maintenance and Commercial Flooring service revenues occur in Cullman, Jefferson, Morgan, Madison, Walker counties and others. The adjusted owner benefit for the company for the last 3 years has been $440,000. 2023 revenues and profits are expected to perform above average. Currently project quotes on the books are over $1,000,000. The company has also amassed the assets of 6 commercial locations, spread over their service footprint, that are available as well, in whole or, as part of the transaction with a FMV estimated at $4,351,000. For more information contact Rick Gilmore direct 205-369-5584 or connect at rickg@sunbeltnetwork.com. All prospects inquiring will be required to execute confidentiality and non-disclosure agreements.
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Property Features and Assets:
The contacting operations are run from a 15,000 SF free standing commercial location with a fenced lot for company vehicles and open parking for customers, Warehouse space currently occupies 70% of the space and a showroom and offices occupying 30%
Market Competition and Expansion:
The company expects continued growth in the sectors they service in North Alabama and believe other services could be added.
Reason for Selling:
The third generation owners have reached retirement
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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