Well established commercial contractor specializing in installing, upgrading and repairing fire protection sprinklers, gas piping, and underground water & sewer mains. The company does a lot of contract work for builders, building owners, property managers, and investors. It is best known for its installing and/or retro-fitting of sprinkler systems in new and re-modeled buildings in and around CT.
Business was started in 1991 (23 years). New Owner can grow this business as he/she wants. Current Owner targets the level of his business at +/- $600,000. He doesn't want to burn himself out before he retires and feels this level of business is easy to manage.
The Company is invited to bid on jobs and does repeat work for General Contractors & building owners.
Besides the Owner the Company had 4 full-time plumber/sprinkler fitters. Currently the business has 3 full-time plumber/sprinkler fitters (as of 9/2013). Most years, everyone works 12 months. Last year (2012) the Company reported $588,000 in revenues. This year sales are estimated to be over $620,000 (2013) and $650,000 is being projected for a New Owner (2014).
Owner's Cash Flow is +/- $82,000 for 2012, and being projected at +/- $144,000 for a New Owner.
The Company does most of its work in CT. It spends little if anything on advertising or promotion but relies on its name recognition, contacts and deserved reputation for dependability, quality and finishing on time and in budget.
Owner will introduce the Buyer to existing & short term potential customers and vendors. Owner would also consider staying on for some time after the closing.
Besides some specialized tools, the workers use their own tools. Included in the sale are 3 vehicles: 2001 Chevy _ ton pick-up, 2006 Ford Econoline 3500 and a 2002 Ford Econoline 3500. Estimated value of assets is +/- $62,000. Inventory is extra +/- $35,000.