Residential Specialty Contractor - NWArkansas

Not Disclosed, AR
Washington County

Northwest Arkansas

Asking Price: Annual Revenue:
$1,250,000 $1,887,764

Services: Construction, Contractors

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RE: Residential Specialty Contractor - NWArkansas Broker: Richard Roberts
License #: 75165

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $1,887,764
Net Profit: $308,048
Cash Flow: $308,048
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 17
BBN Listing #: 700349165
Broker Reference #: 1827315

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Business Overview:

Licensed and insured residential specialty trade contractor since 1998.

This is a very well-run company with great backroom procedures and long-term employees.

All staff are employees (no sub-contractors), well trained and require very little supervision from the owner. Owner believes staff will stay on and he will help with transition of employees and clients.

The owner has already started the process of training their foreman to take on owner’s duties. The owner has reduced his schedule to 25-30 hours per week.

The office manager has been there over 20 years and also runs the showroom. The long-time crew foreman is currently being trained to assume most of the owner’s role. Initially as backup while they train a crew chief for the foreman’s role. Note: The transition piece for a new buyer is already underway.

The sales breakdown is approximately 50% existing construction, 35% new construction and 15% repair. Business concentration no more than 6% with any client.

Sales for the past three years are very consistent with profit increasing year over year.

The sales for 2021 are up over last year by 10% and profit up 15% as of September 30, 2021 and on target to exceed $2M.

The work in progress exceeds 90 days totaling $918,220,000 as of November 2021.

Our SBA Lender has reviewed this company’s financials and says it qualifies for the their 7A loan program. Terms are outlined in the information we send out after receiving a signed NDA.

We provide business plan and cash flow projections required by lender in the CBR which requires a Buyer’s Financial Profile prior to release.

Signed NDA Required for Additional Information
Richard Roberts, ABI/SVA 479.689.4455 Ext 11.

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Property Features and Assets:

The facilities include offices, warehouse, inside parking for trucks/equipment and 2,500' showroom areas. Centrally located with easy access to route 49.

Market Competition and Expansion:

The Northwest Arkansas area continues to be a leading destination for relocation for many providing solid residential growth. This company has a major competitive advantage by using only employees which they are able to better manage. It also secures their position in at the upper end of the market. "The fastest-growing counties and metropolitan area in Arkansas over the past decade were in the state's northwest region, according to data released Thursday from the U.S. Census Bureau. Benton County had the state's fastest growth, with its population increasing by 28.5% since 2010 to 284,333. The second fastest growing, Washington County, saw its population increase by about 21% to 245,871. The Fayetteville-Springdale-Rogers metropolitan area grew by 24.2% to 546,725. The region is home to the headquarters of Walmart and Tyson Foods, as well as the University of Arkansas' flagship campus in Fayetteville." Source AP News

Reason for Selling:

Retirement Planning.

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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