by Harvest Business Advisors | Jun 1, 2021 | Business for Sale, Featured Business For Sale, Maryland, Richard Stopa, Virginia
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:
|
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
Open with Adobe Reader, use their Fill and Sign Feature to complete and electronically sign the document, then return to
RStopa@HarvestBusiness.comWe 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, 2021 | Business for Sale, Featured Business For Sale, Maryland, Richard Stopa
This well-established window company specializes in custom and replacement windows and is BBB A+ rated. The business has built an exceptionally loyal customer base utilizing a low-pressure shopping experience that features prices comparable to those at a local lumber yard.
A customer-focused organization, the company maintains an A rating on Angie’s List, has received Angie’s List Super Service Awards, and boasts 4.5 stars on Google.
With upfront deposits for future work enhancing the company’s cash flow, the business operates at healthy 34% percent gross profit margins and features a solid mix of both retail and wholesale customers.
Family-owned and run for over 25 years, the company is located in the fast-growing and highly stable Baltimore – Washington DC metropolitan region. The owner wishes to retire but a strong management team is in place. All operational procedures are well-established.
| Fiscal Year | 2020 | 2019 | 2018 |
| Revenue Accrual Basis | $ 3,852,317 | $3,649,555 | $3,220,039 |
| Seller’s Discretionary Earnings (SDE) | $413,562 | $230,671 | $243,147 |
Contracts for installed doors and windows for the 12 months ending 1/31/21 were $4,105,960 with a 30% non-refundable deposit taken on most orders.
Ideally Suited for A Buyer Who is:
- A window company in the Baltimore – DC area seeking to quickly expand its business
- A large window company outside of the Washington DC area wanting to enter this booming market
- A construction company wishing to add windows to its offering
- An experienced construction professional seeking to own a business
- An experienced business professional wishing to purchase their first business
This acquisition would be an extremely desirable turn-key opportunity for an out-of-state window company which desires to expand its presence into the highly desirable Baltimore – DC market.
Experience in construction, windows or a related business is a plus.
Please contact Richard Stopa (RStopa@HarvestBusiness.com) at 703.307.1187 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 RStopa@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 | 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 3, 2020 | Business Sold, Glenn Molin, Maryland
This Practice has sold. Harvest Business Advisors congratulates the new owners and wishes the sellers much happiness in their future endeavors.
Harvest Business Advisors is proud to present this opportunity to own a well-appointed and vibrant physical therapy practice based in Montgomery County, Maryland.
The Practice is very successful, fully equipped, upscale and modern, operating from a beautiful and professionally appointed Class “A” medical building..
Located in a densely populated, high-income area, with many other medical practitioners nearby, this physical therapy clinic is poised for growth.
The practice treats long-standing loyal patients as well as a steady volume of medical referrals.
The location is convenient and easy accessible and offers free parking. It is easy for both patients and referring physicians to utilize the practice.
This opportunity allows a Maryland-licensed Physical Therapist to start earning a significant income right from your first day of practice.
With the addition of clinical support staff (an additional Physical Therapist or hiring additional Physical Therapy Assistants_ this waiting list practice would see growth quickly.
Landlord is aware of sale and willing to assign lease or negotiate new term
The current owner/physical therapist is willing to stay on for an agreed upon period of time to help with the transition.
Asking Price; $990,000
Connect with Glenn Molin (GMolin@HarvestBusiness.com) at 540-287-1776 to discuss this business opportunity 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 GMolin@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 accurate business valuations and our 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 | May 11, 2020 | Baltimore MD, Blog, Eddie Davis, Glenn Molin, Greg Caruso, Harvest Business Advisors Team, Maryland, Newark NJ, Pennsylvania, Richard Stopa, SBA - Small Business Administration, Uncategorized, Virginia, Washington DC, What's New
Harvest Business Advisors serves businesses in multiple states. Our brokers have been carefully tracking how the state governors have been dealing with the COVID-19 crisis – and watching how they are approaching “re-opening” their state’s businesses. It’s a delicate balance between public health and the health of the economy, between protecting worker’s safety and providing a safety net for business.
Here is a recap of recent statements by each state in our service area:
Maryland
“Other than keeping Marylanders safe and saving lives by defeating COVID-19, there is absolutely nothing more important to me than getting people back to work and getting businesses reopened. I want to get people back on their feet and get our economy back on track. We will do that as quickly as we possibly can in a safe, gradual and effective way.” Said Governor Larry Hogan as he unveiled the state’s Maryland Strong Road to Recovery plan on April 24, 2020. The Road to Recovery identifies key risk factors milestones which are broad in character and contains components within each stage.
Schools will remain closed for this school year.
Virginia
Gov. Ralph Northam issued a stay-at-home order effective until June 10. A separate executive order that restricted certain businesses and crowds of more than 10 people will expire May 14. Governor Northam recently suggested some restrictions may be lifted, a “soft” re-open but has not yet provided specific details.
On April 24, Governor Northam shared the progress made by Virginia and a blueprint for phases for reopening the state if certain health benchmarks are met and maintained.
Schools will be closed for the remainder of the school year.
Elective surgery and dental procedures in Virginia were allowed to resume on May 1.
Washington D.C.
On April 23, Washington DC Mayor Muriel Bowser has created a “ReOpen DC” Advisory Group which will include experts from the Johns Hopkins Bloomberg School of Public Health.
“ReOpen DC is about working together as a community to reopen Washington, DC in a way that is safe and sustainable. Together, we will create a plan that is based in science and tailored to the needs of our community.” said Mayor Bowser.
ReOpen DC has defined on three phases of reopening:
- Emergency Response – Where we are now
- Stabilization – what ReopenDC will focus on, which involves relaxing restrictions but closely monitoring and quickly responding to negative metrics
- Long-term Recovery – How we find a new, more resilient normal. Likely started once a vaccine is widely available
New Jersey
“Extending this declaration ensures that we can continue using every resource at our disposal to mitigate the spread of COVID-19,”said Governor Murphy.“But I want to ensure that this extension is not interpreted to mean that we are reconsidering our path forward or changing course on the principles I laid out last week in the Road Back plan. We will continue to stand by these principles and protect public health as we responsibly take steps to get the economy moving again.”
Schools will remain closed through this school year.
Governor Murphy introduced New Jersey’s “Road Back Plan” that covered economic recovery and public health needs.
Pennsylvania
The commonwealth of Pennsylvania released their Return to Work Plan, determined by county statistics and milestones and specifies Work and Congregate Setting Restrictions and Social Restrictions in phases.
“We are planning for the days and weeks ahead when we will not only safely return Pennsylvanians to work but return to a different and more resilient Pennsylvania. While we cannot be certain of the future path of this disease, our decisions will be driven first by prioritizing the health and safety of all Pennsylvanians.
To that end, the Commonwealth is partnering with Carnegie Mellon University (CMU) to create a data-driven decision support tool that will enable a balance between maximizing the results of our economy while minimizing public health risks”. said Governor Wolf.
Note: Pennsylvania and New Jersey are part of a coalition of northeastern states coordinating the reopening of the economy safely in that region.
Harvest Business Advisors encourages all our colleagues to continue to protect their health and the health of their employees. We can help you with your business health – and would welcome a conversation about how you can not only survive now, but prepare your business for the eventual rebound. Feel free to connect with us
Clients choose Harvest Business Advisors for our accurate business valuations and our 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.
