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Midwest Contracting Business

MI

Midwest Contracting Business
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Asking Price: $725,000

Cash Flow: $315,000

Gross Revenue: $2,350,000

EBITDA: N/A

FF&E: $50,000

Inventory: $25,000

Rent: $3,500 /Month

Established: 1978

Midwest Contracting Business

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Business Description

The company specializes in providing waterproofing and foundation repair services for residential, commercial and industrial properties. Types of projects include an exclusive No-Dig Bentonite Clay injection system, drain tile and sump pump installation, crawl space encapsulation, ventilation systems, concrete wall reinforcement and elevator pit waterproofing.

Based upon the reputation, knowledge, dependability and track record, the company is well known and respected within the waterproofing industry and carries an A+ rating with the Better Business Bureau. As a longstanding provider of these types of services, the company is the "go to" source for waterproofing, foundation repair and maintenance work. The current founding owner is now ready to slow down in anticipation of retirement and is ready to transition the company to a new owner who will continue the service and quality developed over the past 40 years. A unique opportunity to acquire a strong company with a solid history and reputation. Seller will consider all proposals for merger or acquisition.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,600
Lease Expiration:
1/31/2020
Employees:
13
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The company leases a free standing building from the owner of the company. The owner will consider a new long term lease or possible sale of the building.
Competition:
For over 40 years the company has been offering waterproofing services to the region. The company specializes in using a unique Bentonite Clay process of waterproofing a structure that is injected outside the building.
Growth & Expansion:
Market area is open to expansion as well as continued sales and promotion within the current regions served.
Support & Training:
The owner will provide adequate training and orientation for a buyer.
Reason for Selling:
Anticipation of retirement
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(from currently available funds)
 
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Roger Rumble

Business Listed By:
Roger Rumble

The Stratford Associates, Inc.

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