BETHESDA, Maryland
| Asking Price |
$380,000 |
Year Established |
|
|
| Annual Revenue |
$1,269,989 |
Reason for Selling |
Retirement |
|
| Annual P/L |
|
Attention |
|
|
| Annual Cash Flow |
$321,890 |
Listing Number |
550079 |
|
| # of Employees |
11 |
Business Category |
Services: Construction, Contractors |
|
Business Overview:
Specialty contractor focused on installing, restoring and refinishing wood floors. Almost exclusively residential, working directly with homeowners and only occasionally as a subcontractor to GCs (fewer than 10% of jobs).
In business for about 25 years in the Washington DC area (serving Virginia and Maryland suburbs as well) with fantastic reviews and reputation. Excellent workmanship and quality at a fair price. Stable business from year-to-year with good backlog to keep five-crew team busy. Good margins and profits. Crew leaders have been in the business for years, in same cases working for this company for over a decade.
Owner is looking to retire and is currently focused full-time on running the business and is responsible for all the estimating. At times (pre-pandemic) he has operated with a general manager / estimator so he could spend several months out of the year traveling abroad. As an essential business, the company has not suffered from COVID-19 related lockdowns and in fact is having an excellent year following pricing increases. There is further opportunity for growth by spending more on advertising / marketing and hiring an additional salesperson / estimator to capture more jobs.
Many clients come through word-of-mouth but also through online searches and directories (Angie’s List, Thumbtack, etc…). This is a turnkey opportunity to acquire not only an established stream of clients, but also an expert team of craftsmen, an office manager, and several vehicles and all other equipment needed to run the business successfully. It would not only take a lot of money to rebuild what’s here, but likely years of work. Instead of building from scratch, buy something already built and thriving!
Property Features and Assets:
Market Competition and Expansion:
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