This firmly established (28 years) Commercial and Industrial Insulation Company is highly profitable and well-suited for growth and expansion. Based in the greater Washington DC 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 2024 is $1,290,531
Strong gross profit margin averaging 46.6 percent
Long tenured employees some who've been with the company for 15-20 years
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
ASKING PRICE: WAS $1,700,000 NOW $1,495,000
Insulation Company | 2023 | 2022* | 2021* | 2020* | 2019 | 2018 | 2017 | |
Revenue | $3,025,772 | $1,863,078 | $2,009,313 | $2,025,763 | $3,312,960 | $2,611,141 | $2,897,438 | |
Cost of Goods Sold | $1,642,855 | $1,001,856 | $1,127,544 | $1,397,790 | $1,998,777 | $1,615,125 | $1,643,126 | |
Gross Profit | $1,382,917 | $861,222 | $881,769 | $627,973 | $1,314,183 | $996,118 | $1,254,312 | |
Gross Profit Percentage | 46% | 46% | 44% | 31% | 40% | 38% | 43% | |
Seller’s Discretionary Earnings | $621,358 | $129,000 | $215,756 | ($68,688) | $462,216 | $276,809 | $608,615 | |
*Years the business was impacted by COVID
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.
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