Masonry Restoration & Installation Company

Seattle, WA
King County

Asking Price: Annual Revenue:
$315,000 $350,000

Services: Home Improvement, Repair, Painting

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RE: Masonry Restoration & Installation Company Broker: Seth Rudin
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $315,000
Annual Revenue: $350,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 439235781
Broker Reference #: M2021

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Business Overview:

This business is a high quality provider of masonry restoration and installation services. The company helps property owners both residential and business owners, apartment complexes, property managers and construction partners with a variety of masonry services. These services include the installation of new masonry and restoration of existing masonry. Available restoration services include tuckpointing, rebuilding, spalled brick replacement, and lintel replacement. The business also works on chimneys for masonry repairs, extensions, rebuilding, tuckpointing, seismic retrofitting, counter flashing, rain cap and other related services. In addition the business works on brick landscaping and new construction.

This family run business has been profitable and has demonstrated consistent revenue performance outside of 2020 (COVID-19). The business on average generates annual revenues of $410K under normal circumstances with adjusted cash flows operating at 40% of annual revenues. As projects were delayed or postponed, COVID-19 naturally slowed down the business for 2020 by roughly $116K for the year. However, the business has responded considering the trailing twelve months (August 1, 2020 to July 31, 2021) has shown a strong recovery with a projected $375,000 finish for 2021. Despite only working 4 days per week, the company’s 2021 YTD June is already growing at annual growth rate of 89.5% over 2020 YTD June.

Two unique key factors of success for the business are their profitable repeat customer base and loyal and experienced employees. The company maintains a balanced book of repeat clients and one time buyers (mostly families). Repeat clients represent 25% of projects and these same repeat customers represent 56% of their annual revenues. The buyer has the opportunity to further nurture and expand the repeat customer base to increase the sales and profitability of the business. Second, their employees are a loyal group of team members having worked for the company for nearly 20 years. There are 3 masons on payroll. The business provides a pre-affordable care act plan and annual bonuses incentivizing a loyal and cohesive working environment.

The company averages roughly 12 jobs per month with an average of job value of $4,200. The business has pleased over 3,250 project owners to date. This level of productivity can be increased by moving to a 5 day a week working model. The calendar is fully sold out its availability through February 2022.

The owner fulfills the roles of operations manager and job estimator with support of a bookkeeper. In addition, 3 masons are available along with a dump truck and a variety of masonry tools.

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Additional Details:

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

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