This firmly established (26 years) Commercial and Industrial Insulation Company is highly profitable and well-suited for growth and expansion. Based in the greater Baltimore-Washington area, the company is renowned for both its outstanding service and the quality of the insulation work the firm provides. Buyer will acquire a strong local presence with solid customer list.

Key features of the business:

  • Committed backlog report for all un-billed jobs as of May 12, 2021 is $1,789,326
  • Strong gross profit margin averaging 38.4 percent
  • Good relationships with clients and a high number of jobs from repeat customers
  • Growth industry in a fast-growing geographic region
  • Seller who is willing to train and assist the buyer with a smooth transition
  • All operational procedures established
  • As of 4/1/21 the company has bid on $10.7M worth of new work


    ASKING PRICE TO BE DETERMINED

Financial Metrics

2020 2019 2018 2017 2016
Revenue* $2,025,763 $3,312,960 $2,611,141 $2,897,438 $2,477,349
Gross Profit Percentage 31% 40% 38% 43% 40%
Seller’s Discretionary Earnings ($68,688) $462,216 $276,809 $608,615

$470,327

*Projected revenue for 2021 is between $2.7M and $2.9M

Please contact Richard Stopa (RStopa@HarvestBusiness.com) at 703.307.1187 to discuss this business in more detail.
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Disclosure: We have relied on information provided and approved by seller and make no additional representations or warranties. Buyers should review with their advisors as needed.

Clients choose Harvest Business Advisors for our sage advice on profitably growing their business, accurate business valuations, and when the time is right, a consistent ability to deliver a high price as part of a smooth exit transaction. Harvest Business Advisors provides business brokerage, business valuation, and business succession planning services.
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