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General Business Information
Listing ID:
4110-00321
Listing Type:
Exclusive Right of Sale
Price:
$4,680,000
Down Payment:
$767,000
County:
Seminole
State/Prov:
Florida
Country:
United States
Sales:
$5,165,099
SDE:
$1,200,627
Description of Business
Owned and operated for almost 35 years, this successful construction company specializes in the design, fabrication, and installation of commerical and residential awnings. They have an exceptional reputation built from extensive experience delivering quality work products throughout the Central Florida area.
Working with nearly 75 General Contractors, individual business owners, and residential homeowners, this company provides the unique design, craftsmanship and installation that satisfies their clients' goals and budget. No client makes up more than 10% of the businesses sales' and referrals keep the phones ringing.
They have invested in the production facilities and have attracted design, engineering and installation professionals that ensure customer satisfaction; all which is done out of their 8,000sf warehouse, office, and showroom.
The business has very clean and organized financials, no debt, and inventory is always kept to a minimum. Overall, growth is strong and there are healthy gross and net profit margins YoY. Ownership is looking to reitre after compelting a seamless familiarization period with new Owners that are looking to take this business to the next level.
Listing Details
Location:
Free standing building within an industrial park in Seminole County, Florida.
Organization Type:
Full Corporate
Hours of Operation:
Monday - Friday, 9a - 5p
Years Established:
1989
Years Owned:
33
Employees FT:
27
Employees PT:
0
Managers:
1
Amount of Hours Owner Works:
45
Is Relocatable:
No
Is Home Based:
No
Is a Franchise:
No
Is Lender Pre Qualified:
Yes
May Qualify for a Visa:
Yes
Financial Information
INCOME PERIOD, Year
GROSS SALES
– Costs of Goods Sold
= Gross Profit
– Total Expenses
= Net Before Taxes
ADD BACKS
+ Owner(s) Salary
+ Benefits
+ Interest Expense
+ Depreciation
+ Other
TOTAL OWNER BENEFIT
2023
$5,165,099
$1,896,633
$3,268,466
$2,218,338
$1,050,128
$136,835
$0
$0
$13,664
$0
$1,200,627
2022
$4,564,771
$1,728,586
$2,836,185
$1,934,130
$902,055
$136,835
$0
$8,040
$43,607
$9,611
$1,100,148
2021
$3,481,768
$1,426,107
$2,055,661
$1,839,410
$216,251
$136,835
$0
$8,040
$78,758
$9,249
$449,133
Assets Included in Sale
Leasehold Improvements:
$12,000 Included
FF+E:
$348,000 Included
Inventory:
$4,000 Included
Total Assets Included:
$364,000
Lease Information
Monthly Rent:
$6,600
Expiration Date:
2028-12-31
Square Footage:
8000
Terms and Options:
Negotiable
Building Type:
Stand Alone
Summary
Reason for Sale:
Retirement
Training and Support:
Sellers will aid a new buyer in acclimating to the business for two weeks at no cost.
Non Compete:
Ten miles for 3 years.
Owner Qualifications:
Business management.
Financing Summary:
SBA Lending being offered through Lynne Singletary with 44 Business Capital. (407) 731-9555 | lsingletary@44businesscapital.com Financing Scenario is as follows: Down Payment: $767,000 | Working Capital $200,000 | Estimated CC & SBA Guarantee Fee: $170,000 | Term: 120 Months | Rate: P+2.5% | Monthly Loan Payment: $53,882
For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER
General Business Information
Listing ID: 4110-00321
Listing Type: Exclusive Right of Sale
Price: $4,680,000
Down Payment: $767,000
County: Seminole
State/Prov: Florida
Country: United States
Sales: $5,165,099
SDE: $1,200,627
Description of Business
Owned and operated for almost 35 years, this successful construction company specializes in the design, fabrication, and installation of commerical and residential awnings. They have an exceptional reputation built from extensive experience delivering quality work products throughout the Central Florida area.
Working with nearly 75 General Contractors, individual business owners, and residential homeowners, this company provides the unique design, craftsmanship and installation that satisfies their clients' goals and budget. No client makes up more than 10% of the businesses sales' and referrals keep the phones ringing.
They have invested in the production facilities and have attracted design, engineering and installation professionals that ensure customer satisfaction; all which is done out of their 8,000sf warehouse, office, and showroom.
The business has very clean and organized financials, no debt, and inventory is always kept to a minimum. Overall, growth is strong and there are healthy gross and net profit margins YoY. Ownership is looking to reitre after compelting a seamless familiarization period with new Owners that are looking to take this business to the next level.
Listing Details
Location: Free standing building within an industrial park in Seminole County, Florida.
Organization Type: Full Corporate
Hours of Operation: Monday - Friday, 9a - 5p
Years Established: 1989
Years Owned: 33
Employees FT: 27
Employees PT: 0
Managers: 1
Amount of Hours Owner Works: 45
Is Relocatable: No
Is Home Based: No
Is a Franchise: No
Is Lender Pre Qualified: Yes
May Qualify for a Visa: Yes
Financial Information
INCOME PERIOD, Year: 2023
GROSS SALES: $5,165,099
– Costs of Goods Sold: $1,896,633
= Gross Profit: $3,268,466
– Total Expenses: $2,218,338
= Net Before Taxes: $1,050,128
ADD BACKS
+ Owner(s) Salary: $136,835
+ Benefits: $0
+ Interest Expense: $0
+ Depreciation: $13,664
+ Other : $0
TOTAL OWNER BENEFIT: $1,200,627
INCOME PERIOD, Year: 2022
GROSS SALES: $4,564,771
– Costs of Goods Sold: $1,728,586
= Gross Profit: $2,836,185
– Total Expenses: $1,934,130
= Net Before Taxes: $902,055
ADD BACKS
+ Owner(s) Salary: $136,835
+ Benefits: $0
+ Interest Expense: $8,040
+ Depreciation: $43,607
+ Other : $9,611
TOTAL OWNER BENEFIT: $1,100,148
INCOME PERIOD, Year: 2021
GROSS SALES: $3,481,768
– Costs of Goods Sold: $1,426,107
= Gross Profit: $2,055,661
– Total Expenses: $1,839,410
= Net Before Taxes: $216,251
ADD BACKS
+ Owner(s) Salary: $136,835
+ Benefits: $0
+ Interest Expense: $8,040
+ Depreciation: $78,758
+ Other : $9,249
TOTAL OWNER BENEFIT: $449,133
Assets Included in Sale
Inventory: $4,000 Included
FF+E: $348,000 Included
Leasehold Improvements: $12,000 Included
Total Assets Included: $364,000
Lease Information
Monthly Rent: $6,600
Expiration Date: 2028-12-31
Square Footage: 8000
Terms and Options: Negotiable
Building Type: Stand Alone
Summary
Reason for Sale: Retirement
Training and Support: Sellers will aid a new buyer in acclimating to the business for two weeks at no cost.
Non Compete: Ten miles for 3 years.
Owner Qualifications: Business management.
Financing Summary: SBA Lending being offered through Lynne Singletary with 44 Business Capital. (407) 731-9555 | lsingletary@44businesscapital.com Financing Scenario is as follows: Down Payment: $767,000 | Working Capital $200,000 | Estimated CC & SBA Guarantee Fee: $170,000 | Term: 120 Months | Rate: P+2.5% | Monthly Loan Payment: $53,882
LISTING BROKER