Seller's Contact Information

  • RE:  Long Standing Commercial Specialty Finishes Contracting Company
  • Contact:  Rick Gilmore
Listing Update!
Update: Long Standing Commercial Specialty Finishes Contracting Company is no longer available. We’ve included some similar active listings below that you may be interested in. You can also explore similar listings in the Services: Construction, Contractors Industry.

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.

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.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

Opportunity Update!

Exciting update: Long Standing Commercial Specialty Finishes Contracting Company has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!

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Not disclosed

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The Company's expert installers are true artisans of their craft, capable of bringing designers' visions to life with meticulous attention to detail.The company's lean business model allows for remote management while maintaining exceptional customer service. With a specialized team that includes dedicated personnel for purchasing, estimating, and field management, it has positioned itself as a trusted partner for custom builders in the San Antonio market. The business model is built on simplicity and efficiency. The company manages the entire flooring process, from customer selections through material ordering, professional installation, and final billing. This comprehensive approach allows builders to focus on other aspects of construction while trusting this Business to handle all flooring needs. The operation is strategically designed to minimize overhead costs while maximizing value to customers. By transitioning to a smaller 1,100 square foot facility (half office, half warehouse) and utilizing manufacturers' warehouses for inventory management, the company expects to add over $100,000 to its bottom line by eliminating the 15% materials markup from its current partnership arrangement.While primarily focused on hard surface flooring, the company also accommodates carpet installation requests, typically for bedrooms within their new home projects. This comprehensive offering ensures clients can source all their flooring needs through a single, trusted provider.Overall, the Business has secured a strong position in the new home construction market, with approximately 90% of its business coming from a key relationship with a major Builder. 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This specialized industry software supports the company's focus on streamlined operations.The Business generated approximately $3 million in revenue for 2024, with projections of $2 million for 2025 due to current market conditions and high interest rates affecting the construction industry. While the next 3-6 months are expected to be challenging, a 100-home project scheduled for later in the year is anticipated to boost performance significantly.For potential new owners, the Business offers several clear paths for growth, including expansion into commercial work and developing relationships with additional production builders. The company's established reputation for quality, existing supplier relationships, and efficient operational model provide a solid foundation for such expansion. The Business benefits from long-time working relationships with top material manufacturers and suppliers, allowing for preferred pricing on quality materials. These established vendor relationships with companies like Shaw Flooring and Daltile represent significant value that would transfer to new ownership.Core Competencies• High-end new home flooring installations• Custom tile and hardwood installations• Builder program management• Very lean operations with low overheadAccording to IBISWorld flooring installers can expect a mix of challenges and opportunities. Lower interest rates will revive new residential construction, with both single-family homes and multifamily units to see increased activity. This comes at a crucial time as younger generations struggle with housing affordability, spurring an enduring need for multifamily housing. While competition from substitutes like tile and concrete flooring intensifies, the sector's inherent complexity ensures continued demand for professional installers. Emerging trends in eco-friendly materials, robotic installation technologies and smart flooring systems will necessitate skill upgrades but promise to enhance efficiency and broaden service offerings. Industry revenue is forecast to climb at a CAGR of 1.5% to total an estimated $31.5 billion through the end of 2029.

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Cash Flow $740,306
Revenue $3,063,942

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