Annual Figures 2024:
– Gross Sales: $13,617,146
– Net Profit: $1,668,843
Expenses 2024:
– COGS: $7,895,218
– Salaries & Wages: $2,490,422
– Located in Bedford, IN
– 21 years in business
– Residential, commercial, and Gov’t jobs (Breakdown of revenue in financials link)
– 60% of jobs are new construction
– Owner and estimator do sales, 1 office manager, 5 in the office, 1 shop manager, 4 mechanics in the shop, 4 job foreman (4 crews), rest in the field,
uses some subs when needed
– Estimator could be key man
– Employee tenure for higher level employees is over 5 years
– Service area: 80 mile radius
– $3,500,000 in assets coming with the sale
– No licenses needed to run the business besides septic license & municipality certs
– Projected to do the same numbers for 2025 as 2024
– There will be 2-3 mil in backlog for the buyer taking over
– Around $500,000 in Capex per year
– Could be some seller financing involved depending on the rest of the offer
– Fully approved by SBA with a Pari Passu at the full asking price (Approval in financials link)
– Seller is more than willing to make sure the transition goes very well. He isn’t interested in rolling equity. He is looking to semi-retire and get into another venture not related to this industry.
– Reason for the sale: Wants to semi- retire and wants to get into the campground business
