Long Standing Commercial Specialty Finishes Contracting Company

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Building & Construction Businesses for Sale

  • 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
  • N/A Down Payment
  • Yes Financing

Business Location

  • City: Cullman
  • State: Alabama

Reason for Sale

  • The third generation owners have reached retirement

Detailed information

  • Year Established: 1947
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • 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.
Business Listed by
image of Rick Gilmore
Rick Gilmore
Sunbelt of Birmingham
Show Phone Number
Listing ID
BIRMIAL001-53498

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