Essential Business - Drywall Contracting Opp.

Louisville, KY
Jefferson County

Asking Price: Annual Revenue:
$2,400,000 $4,615,907

Services: Construction, Contractors

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RE: Essential Business - Drywall Contracting Opp. Broker: Jordan Satterwhite

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $4,615,907
Net Profit: Not Disclosed
Cash Flow: $555,000
Total Debt: Not Disclosed
FF&E: $138,620
Real Estate: Not Disclosed
Year Established: 2004
Employees: 10
BBN Listing #: 741559482
Broker Reference #: 28647-332351

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Business Overview:

This drywall contracting company has been established since 1994. The founder is an industry veteran who has leveraged his experience and network to streamline this operation. As a result of the twenty six year history, many inefficiencies and struggles have been eliminated that you normally would see in the construction industry. The result is a drywall contracting empire that averages thirty-five to forty houses a month. The team is comprised of ten team members that have been with the company for a significant period of time. The turnover is extremely low, especially considering the turnover normally associated with the construction industry. The business leverages a subcontractor network to assist in servicing accounts. The business has been structured so that it may swing upwards with increasing volume with little notice. It has added that capability without having to commit to the long term liability of a large team of employees. One of the success factors of this business is its ability to attain and retain commercial accounts. These long term accounts are only maintained, when a system of quality control has been implemented and regulated. The owner stepped away from the day to day operations of this business five years ago. With a seasoned management team in place, the owner enjoys significant annual income from this business while working roughly 15 hours a week in this business. The owner is looking to completely step away so that he may pursue a cause that he is passionate about.

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Property Features and Assets:

The company was founded in 1994 and is located in Louisville, KY. The founder started the business with the singular focus of creating a unique niche within the construction industry. At present time, the company focuses on one aspect of the construction process, it does it at a high level and at high volume. The company exclusively hangs and finishes drywall. Their focus has been with business to business relationships. The specialization has led to a construction business that has eliminated the majority of the headaches of the construction industry. Five years ago, the owner has put personnel in place to manage the day to day operations.

Market Competition and Expansion:

There are drywall contractors in Louisville. However, there are few that can handle the large volume of these clients. Affordable drywall has the unique ability to handle this volume due to their structure and tenure. One of the barriers to entry for the smaller drywall companies is that these home builders want to minimize the number of subcontractors that they use. There are maybe one or two other companies that could potentially handle the volume of Affordable Drywall's’ clients. The other barrier to entry with this business’ client base is the well-seasoned relationship between estimators, management, and client. There is competition in this space however, the demand for construction outpaces the supply of contractors that are willing and able to complete the work. Potential Growth: The current owner is on cruise control and has not had a plan in place to significantly grow the company. There are multiple ways to grow the company. Implement an incentive plan with current management team to seek out and obtain new customers. There is growth within a narrowly identified target market. The residential drywall market has been neglected. It is very feasible to launch a residential drywall division. To target the residential market, create a website promoting the services and dedicate personnel (estimator and project manager). Estimator could target smaller construction and repair companies or property management firms. The infrastructure needed to launch such a division is already in place. The company spent zero dollars on advertising in 2019.

Reason for Selling:

Other interests.

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.

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