CINCINNATI, Ohio
| Asking Price |
$749,000 |
Year Established |
1996 |
|
| Annual Revenue |
$3,015,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Dan Long |
|
| Annual Cash Flow |
$270,000 |
Listing Number |
1009003 |
|
| # of Employees |
10 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
The retirement aged owner of this premier luxury residential design – build firm has a very strong reputation in Greater Cincinnati’s most affluent neighborhoods. Blessed with over 160 years of existing employee service and over 170 years of existing subcontractor service, a buyer will be able to transition quite nicely into operating this company. The price includes all inventory, equipment, and 9 vehicles valued at over $260,000.
The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:
Long term clients
SBA loan qualified
70% repeat business
Much potential for growth
No accounts receivable issues
Real estate available to purchase
Virtually all word – of - mouth advertising
Clean books and records – all numbers are verifiable
Property Features and Assets:
<p>The company operates out of a beautifully decorated 1,800 square foot office. The warehouse is 1,500 square feet which is sufficient to handle their needs quite well.</p><p> </p>
Market Competition and Expansion:
<p>There is a one – year project backlog with steady annual volume of around 30 projects. The owner currently turns down quite a bit of work that comes his way because of the backlog. A more aggressive and energetic buyer could hire more employees / subcontractors and pursue more projects just through the current flow of incoming calls that come into the office.</p><p> </p>
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