Primary Category:Other Building & Construction Businesses for Sale
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 [email protected]. All prospects inquiring will be required to execute confidentiality and non-disclosure agreements.
Financial Information
$1,806,000
Asking Price
$505,087
Cash Flow
$2,889,392
Gross Revenue
Yes
Financing
Business Location
City:
Cullman
State:Alabama
Financing Comments
The sellers understand the current lending market may create some owner held components of finance
Reason for Sale
The third generation owners have reached retirement
Detailed information
Year Established:1947
Home Based:No
Franchise:No
Relocatable:Yes
Lender Prequalified:Yes
SBA Prequalified:Yes
Full-Time Employees: 32
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Adjusted EBITDA:
$362,072
Inventory Included: No
Inventory Value:
$350,000
Monthly Rent:
On request
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
On request
Building Size: 15000
FF&E Included?: Yes
FF&E Value: On request
Training/Support
Owner expects to provide a full and extensive training/transition period
Facilities
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 Outlook/Competition
The company expects continued growth in the sectors they service in North Alabama and believe other services could be added.
Real Estate Description
There are 6 commercial properties available, 5 of which are occupied.
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