Construction Service Niche Company

Business Description

For sale 10+ year-old company that offers in-home inspections, repairs, remodels, rebuilding structures in the Southern United States. Masonry and carpentry is their specialty with new outdoor application to the existing lines of service. In addition to offering home and construction services, the company sells a few accessories for home maintenance.

There are 30+ W-2 employees, including multiple key employees – a general manager, assistant general manager, bookkeeper, sales manager, and shop foreman who are expected to stay with the company. These knowledgeable key employees are essential in allowing the company owner to be 99.9% absent.

The average order value per customer is approximately $5K. Around two years ago, the company started offering an annual inspection program. This service is estimated to bring a healthy increase in new recurring customers in 2023; each inspection is currently $250.   Like many companies, revenue and earnings were down in 2020 due to COVID. However, revenue and earnings started to return to normal in 2021, and increased in 2022 despite one-time expansion investment related expenses.

 

2019 2020 2021 2022
Revenue $3,502,759 $2,834,397 $3,759,838 $4,312,486
SDE $594,222 $258,502 $600,961 $699,006

 

This listing requires seller approval for the CIM. We appreciate your patience as we receive approval and we will send you the CIM as soon as possible.

Financial Overview

Asking Price: $2,750,000

Revenue: $4,312,486

Income: $699,006

Multiple: 3.93x

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