Annual Figures: 2025
Gross Sales: $1,407,785
Adjusted Net Profit: $933,222
Highlights:
– Company started in 1999
– There are 8-10 employees , all W-2’s. Long employee tenure
– The business does ramp up to 10-20 sometimes depending on job count
– Father not very involved. Mainly back office. Son does bidding and handles day to day things
– There is 1 Project Manager and the rest of the employees are in the field
– All commercial, very little residential. Works with building and management companies
– 80% remodel 20% new construction
– Net pay is normally 2-3 weeks
– Service area is the greater Pittsburgh area
– 3 vans, 2 trailers come with the sale.
– No debt
– No litigation
– No insurance work
– Seller is negotiable on transition timeframe
– Reason for the sale: is focusing more on his rental portfolio
From Tax Return:
2025: Gross: $1,407,785
Addbacks:
Compensation of officers: $83,850
Interest: $2,236
Ordinary business income: $847,136
Adjusted net income for 2024: $933,222
From Tax Return:
2024: Gross: $1,026,350
Addbacks:
Compensation of officers: $60,250
Interest: $4,841
Depreciation: $1,363
Ordinary business income: $565,280
Adjusted net income for 2024: $631,734
From Tax Return:
2023: Gross: $860,587
Addbacks:
Compensation of officers: $52,000
Interest: $5,253
Depreciation: $4,604
Ordinary business income: $465,429
Adjusted net income for 2023: $527,286
From Tax Return:
2022: Gross: $928,916
Addbacks:
Compensation of officers: $52,000
Interest: $5,010
Depreciation: $23,343
Ordinary business income: $520,893
Adjusted net income for 2022: $601,246
