BAY AREA FENCING CONTRACTOR BTI # 8149
This Bay Area fencing company was only started in May 2013, but the owner has stated business is booming with a present gross annualized run rate of $777,691 and an annualized SDE run rate of 127,018 for the first five months of 2014. Business continues to build each month with May 2014 gross revenues of $125,000. The seller claims 2014 should finish in excess of a projected net of +200,000 for the year!
The owner has started and sold four similar companies that have gone on to become very successful businesses. He would like to build this business into a success, but has run into serious health issues plus he wants to develop a patented tool related to fence building. He has built and patented the tool; the patent is not part of this sale. He is manufacturing the tool at his present location. The business will require a Fencing Contractor C13 License but the seller will stay on to train as the RMO to allow the buyer time to obtain their own license.
Sales : $777,691 Cash Flow: $127,018 Annualized 5 mos ending May 2014 from P&L Purchase Price: $200,000 Down Payment: $200,000
Rent $0 NNN $0 Bldg Size (SqFt) 0 Lease Exp N/A Option Yrs: 0 (see comments)
Employees FT: 4 PT: 0 Owners: FT: 1, PT: 0
Reason For Sale: Health issues & to develop an industry related patent
Hours: Mon-Friday 8:00 - 5:00
Email or call Farley Gouner CA R/E Lic # 01271117 at 408-385-0402.