Specialty Design, Fabrication and Installation Business with Strong Sales

General Business Information

Listing ID:

4110-00321

Listing Type:

Exclusive Right of Sale

Price:

$4,680,000

Down Payment:

$767,000

Category:

Construction

Subcategory:

Contractor Windows & Doors

County:

Seminole

State/Prov:

Florida

Country:

United States

Sales:

$4,647,225

SDE:

$1,146,865

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
2022
$4,647,225

$1,742,121

$2,905,104

$1,892,559

$1,012,545
$100,000

$0

$8,445

$0

$25,875
$1,146,865
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
2020
$3,982,464

$1,348,179

$2,634,285

$1,796,125

$838,160
$136,835

$0

$8,040

$39,434

$9,409
$1,031,878
Assets Included in Sale

Real Estate:

$0 Not Included

Leasehold Improvements:

$12,000 Included

Accounts Receivable:

$0 Not Included

FF+E:

$348,000 Included

Inventory:

$4,000 Included

Total Assets Included:

$364,000

Lease Information

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

Carey Sobel

Carey Sobel
General Business Information

Listing ID: 4110-00321

Listing Type: Exclusive Right of Sale

Price: $4,680,000

Down Payment: $767,000

Category: Construction

Subcategory: Contractor Windows & Doors

County: Seminole

State/Prov: Florida

Country: United States

Sales: $4,647,225

SDE: $1,146,865

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: 2022


GROSS SALES: $4,647,225

– Costs of Goods Sold: $1,742,121

= Gross Profit: $2,905,104

– Total Expenses: $1,892,559

= Net Before Taxes: $1,012,545



ADD BACKS

+ Owner(s) Salary: $100,000

+ Benefits: $0

+ Interest Expense: $8,445

+ Depreciation: $0

+ Other : $25,875



TOTAL OWNER BENEFIT: $1,146,865

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

INCOME PERIOD, Year: 2020


GROSS SALES: $3,982,464

– Costs of Goods Sold: $1,348,179

= Gross Profit: $2,634,285

– Total Expenses: $1,796,125

= Net Before Taxes: $838,160



ADD BACKS

+ Owner(s) Salary: $136,835

+ Benefits: $0

+ Interest Expense: $8,040

+ Depreciation: $39,434

+ Other : $9,409



TOTAL OWNER BENEFIT: $1,031,878

Assets Included in Sale

Inventory: $4,000 Included

FF+E: $348,000 Included

Accounts Receivable: $0 Not Included

Leasehold Improvements: $12,000 Included

Real Estate: $0 Not Included

Total Assets Included: $364,000

Lease Information

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