by Jill Kerr | Apr 6, 2022 | Baltimore MD, Business for Sale, Eddie Davis, Featured Business For Sale, Maryland
A unique, 45+ year old company that specializes in the sale and installation of products designed for promotional purposes, advertising campaigns, sporting events and a variety of recreational activities. The company has developed a diverse, loyal customer base that includes government and commercial customers and sales to individuals and organizations. Customers are located in the Baltimore / DC metro. Buyer will benefit from experienced and processes developed by the operational and sales teams.
Company Profile:
- 45+ years, Baltimore MD based multi-generational family owned business
- Job sites from Baltimore to N VA Multiple revenue streams (installation and product sales)
- Key management team
- Established relationships with supplier and customers
- Multiple growth opportunities
- Average revenue $1.6m
- Average SDE (sellers discretionary earnings) $180K
Benefits to Buyer:
- Consistent financial results
- Long-term staff
- Owners understand the need for a smooth transition and will support buyer as needed
- Turnkey business processes
Buyer Profile:
- An owner/operator looking to acquire an established, successful business family business
- A strategic buyer searching for growth / diversification opportunities
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
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.
We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com
by Jill Kerr | Mar 22, 2022 | Baltimore MD, Business for Sale, Construction, Eddie Davis, Featured Business For Sale, Uncategorized
Company Profile: Deck and fence contractor, 15+ years, multiple revenue streams, key sales and management team, proven lead generation systems providing high quality leads, reliable/dependable construction crews. Customers ask for additional services. A great expansion opportunity for someone offering home repair work and looking for growth strategies. Real estate owned by seller, not included in sale.
Real Estate: Owned
Employees: 10
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: owned by seller, not included in sale
Growth & Expansion: customers ask for other home repair services; good opportunity for someone now providing home repair services
Support & Training: seller will provide reasonable transition period
Reason for Selling: retiring
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
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.
We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com
by Harvest Business Advisors | Feb 27, 2021 | Baltimore MD, Business for Sale, Eddie Davis, Featured Business For Sale, Maryland
This multi-generational electrical contracting company, located in Maryland, offers:
- Design/build services for new projects
- Upgrade and renovation of existing sites
- Maintenance and calibration services
- Value engineering reviews to fit the budget
The highly regarded business values their long-term and diversified customer relationships. Their customers are served by a licensed and experienced staff, supervised and directed by a highly experienced management team.
This opportunity is well-suited for an industry buyer seeking growth and diversification opportunities or an individual looking to own an established and successful company
No additional capital investment needed.
The owner is selling because they wish to retire.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
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.
We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Nov 9, 2020 | Baltimore MD, Maryland, Richard Stopa, Washington DC
Located in the Washington DC-Baltimore area, this telecommunications firm has been serving their commercial client base since 1990. Well established with a focus on customer service, this firm has nearly 900 current clients.
This business sells both VoIP and premise-based solutions and is poised for expansion with identified opportunities for a new owner to grow the business. Employees are extensively trained on equipment and also focus on educating customers to derive maximum benefits from their telephone systems.
Products lines include:
- Avaya IP Office
- Avaya Cloud
- Nortel
- Toshiba
It is important to note that service revenue for the last 3 years averages $615,754 or 51.5% of total revenue
In the past 30 years, and through several recessions, the company has remained financially sound, un-impacted by the fluctuations of the economy.
The owner is willing to stay on for an agreed upon period of time to train the new owner and transition clients.
Connect with Richard Stopa (rstopa@harvestbusiness.com) at 703.307.1187 for more information and details about this business.
Click here for a Non-Disclosure Agreement and Finance Document
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to RStopa@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
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. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Sep 5, 2020 | Baltimore MD, Business for Sale, Buying A Business, Eddie Davis
Serving the Mid-Atlantic marketplace, this company re-manufactures and repairs components for medium and heavy-duty trucks. In addition, they sell related parts.
This company was established in 2004 in an ideal high-traffic location. Their customer base is deep and diversified.
They provide exceptional customer service which has resulted in long-term customer relationships.
Their management team is experienced and loyal. They have seven highly skilled technicians
- No additional capital investment needed.
- Average inventory: $100,000 (at cost)
- Average 3-year revenue: $2,200,000
A strong prospective buyer would be involved in the trucking or repair industry or perhaps in a related industry, seeking growth/diversification opportunities. Experience in business management with sales background would be an advantage.
Please Contact: Eddie Davis (EDavis@HarvestBusiness.com or 301-325-7687) to discuss this business in more detail.
Click here for a Non-Disclosure Agreement and Finance Document.
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to EDavis@HarvestBusiness.com.
We will then be able to discuss financial details and other confidential information about the business with you.
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.
We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.
by Harvest Business Advisors | Mar 20, 2020 | Baltimore MD, Blog, Business Financing, Eddie Davis, Harvest Business Advisors Team, Home Page, Maryland, SBA - Small Business Administration
Last month, we reported that 2020 was off to a fast start, another exciting year for business sales, acquisitions and valuations. Enter COVID-19, a game changer. Long term, it will be “business as usual”. Transactions in many industries will continue ( this isn’t a credit crisis like 2009 when banks shut down). Acquisition financing is available at low rates
A number of our broker and valuation engagements involve SBA financing. We’ve been in constant contact with key lenders for their input. Below are some takeaways, we hope it’s helpful.
SBA DISASTER RECOVERY LOANS
The SBA is working with state Governors to provide targeted, low-interest disaster recovery loans to small businesses severely impacted by COVID-19. Lenders we work with have indicated that:
- Estimates of $50b in SBA assistance will available for “disaster recovery loans”
- Loans up to $2m in assistance can be applied for (in approved areas)
- Disaster loans can be used to pay:
- Debts,
- Payroll,
- Suppliers,
- General business expenses,
- Interest rates: 3.75% for small businesses and 2.75% for non-profits.
How to Qualify for The Loan
- States have to apply for disaster relief (all states in our general area have done so)
- SBA will review and issue an Economic Injury Disaster Loan Declaration (“Declaration”)
- SBA will coordinate with the state’s Governor to submit the request for Economic Injury Disaster Loan assistance.
- Once a Declaration is made, the application process for Economic Injury Disaster Loan assistance will be made available to impacted communities.
- Loan repayments can be as long as 30-years.
For additional information,
https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19
or contact the SBA disaster assistance customer service center,
1-800-659-2955 (TTY: 1-800-877-8339) or email disastercustomerservice@sba.gov.
Qualifying Disaster Areas
Areas have to first qualify for the relief loans. ALL of District of Columbia SBA District is approved – as are the states of Delaware, New Jersey and Pennsylvania.
For updates to approved disaster areas and general information please visit: www.sba.gov/funding-programs/disaster-assistance
DEFERRMENT PAYMENTS FOR EXISTING SBA LOANS
If you have an existing SBA loan, the lender you worked with may provide temporary relief in the form of “deferred payments”. The SBA loans that qualify for the deferral are:
Business Acquisition and Working Capital Loans (7(a) Business Loans)
If you have a loan related to a business acquisition or related to working capital loans, the deferral options depend on “who holds the loan”:
-
- If the loan is held by your lender (i.e. NotSold on Secondary Market) the lender may grant a deferment of up to six (6) consecutive months
- If the loan was sold to investors, and they “hold the loan”, the lender may be able to grant a one-time unilateral deferment of up to 90-days without requiring approval from the investor who “holds the loan”
Commercial Real Estate and Equipment Loans (504 Business Loans)
Certified Development Company’s (CDCs) may assist borrowers by deferring payments for a stated period of time. The amount deferred should not exceed
-
- Six (6) cumulative monthly payments or
- 20% of the original loan amount, whichever is less.
KEY POINT: Keep in contact with your lender; they understand, they recognize your struggle and they are there to help out.
We will keep our eyes open, ears to the ground and continue to let you know what we learn. Meanwhile, if you need something from us, please reach out – we are happy to talk!
This post was written by Harvest Business Advisors partner Eddie Davis. Eddie can be reached at EDavis@HarvestBusiness.com or 877-838-4966.
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. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at info@harvestbusiness.com or 877-838-4966 to discuss selling your business, ordering a business valuation or buying a business.