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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: MARINE INDUSTRY CONSTRUCTION BUSINESSCOMMERCIAL AND RESIDENTIAL Sorry! Contract Pending! PROVIDING WATERLINE CONSTRUCTION SERVICES TO RESIDENTIAL & COMMERCIAL PROPERTY OWNERS FOR - INSTALLATION - NEW CONSTRUCTION - REPAIRS & MAINTENANCE SPECIFICALLY: - SEAWALLS (CONCRETE, WOOD, VINYL) - DOCKS (FRESH & SALT WATER) Segment: Retail - Residential and Commercial MarketsThis is A VERY WELL ESTABLISHED MARINE INDUSTRY BUSINESS AND IS GOING ON IT'S 4TH YEAR, WITH GREAT SALES AND PROFITABILITY IS GROWING EACH YEAR. This is an extremely well managed business with impeccable records and management reports to manage this business. Geography: Tampa Bay Area (With unlimited coastline and potential customers)GREAT NEWS FOR NEW BUYER - BACK ON MARKET YOUR GAIN - BUYER COULDN'T GET FINANCING- BETTER HURRY SOLD IN ONE WEEK LAST TIME ON MARKET!!!
Asking Price: $115,000 - Possible Owner Financing - THIS IS A GREAT BUY!Sales: Year - 2005 $440,000 ++ Year - 2006 YTD 6/30 $231,583 Year - 2006 Projected $500,000+++ Current order backlog of signed contracts is $110,000 as of 7/18/06. Owner Benefit: Year 2006 YTD 6/30 $ 39,626 Year 2006 Projected $80,000++++ (Note: Also, owner employs a crew foreman to supervise the field work crew. This responsibility could be assumed by the new owner, thereby increasing yearly owner benefit to $115,000.) Year Established: January 2003 - Florida Corporation Reason for Sale: Owner to return to Texas (family) FF & E: $62,300 (as of 6/30/06) Detailed list is available with the Broker. Truck included. Licenses: State & County (Pinellas, Hillsborough & Pasco) licenses are all current. The current owner is a State Certified (Licensed) General Contractor. The Seller will establish an agreement with the Buyer for the continuance of this license until the Buyer secures his own license, if required. Insurance: Full liability coverage Number of Employees: Total - 4 1 Crew Chief (5+ Years experience) 3 Laborers (1 with 3 years experience) - Weekly payroll provided by a payroll company. - All State Employment Taxes are current Customer Payment Method: The business has progressive (customer) payments based on the percentage of work completed. This significantly reduces your operating capital requirements and establishes progressive customer approvals (by signatures), so you have virtually $-0- Accounts Receivable and no bad debt/collection problems. Equipment: A detailed itemized list is on file in the Broker's Office Photos: Ask the Broker to e-mail you the photos. There are color photographs for nearly every completed job in the past three years with an explanation of the service provided. If a picture is worth a thousand words, then this portfolio of the quality of work provided, is priceless. When you see the seawalls for private homes in excess of $5,000,000 and all the other services that this business has completed, you immediately (as a customer) have developed a confidence level that leads you to employ this company to enhance the beauty of your home or provide repairs to restore your property to increase its value. Photographs of commercial decks (15,000 square feet) for a City Building, will again lead you to extreme confidence in this well managed company. You can also see that the quality of workmanship is top notch! Ask the Broker for photos - they are available at the Broker's Office. If, what you have read so far has sparked an interest... THE NEWS ONLY GETS BETTER (ACTUALLY IT IS ALMOST UNBELIEVABLE!)... THIS IS A TRUE "TURN KEY" OPERATION The Business is currently running at 55% residential and 35% commercial jobs per year, on average over the past 3 years. The business typically will complete 45+ projects per year. As of 6/30/06, the current signed order backlog (work to be done) is $110,000. The typical lead time from award of the contract to beginning the work, is less than 4-6 weeks. The owner has bid approximately $1,200,000 in bids for the 6 month period. In addition to the current backlog of $110,000, there are several proposals which the owner expects to be awarded in the next 60 days. A very detailed report on Quickbooks, details all aspects for each bid with weekly status updates. Since the management aspect of owning this business is so very well defined, established and running so smoothly, the new Owner could assume the additional responsibility of crew chief and add another $35,000 per year to the Owner Benefit for a total of $115,000 per year. With the yearly growth realized over the past three years, ($ - 0 - to $460,000 per year), the new owner could dramatically increase sales by adding a second 4 man crew. The bid status, general area growth and repair business, would justify a second crew. Now you could be looking at earning upwards of $225,000 per year, living in beautiful sunny Tampa Bay, Florida. What could be better? I know, winning the lottery. If you haven't won the lottery, you might want to seriously consider buying this business. IMPECCABLE MANAGEMENT READY FOR YOU TO TAKE OVER You may have looked at businesses that were a one-man show or just created and managed by the "seat of the owner's pants", so to speak. That owner knew the "ins and outs" of his business - but having built that business, he would have a hard time passing that knowledge onto the new owner. It is nearly impossible for a new Buyer/Owner to step into this this type of environment or merely pick up where the Seller left off. ...This is not the case with this exceptionally created and well organized business. The infrastructure has been built and designed, so that a new owner will have no problem picking up the business, the tricks of the trade, and managing this business on a day to day basis. We seldom see a business managed this well with everything (and we mean everything) in place for a totally seamless transition to a new Buyer. This is extremely unique, especially in the construction industry. You simply could not ask for more impeccable records, management tools, and easily adapted procedures to follow. You can't miss if you maintain the current management setup of this business. The current owner will train the new owner to ensure a seamless transition. This does not mean ... no room for more growth. In fact as mentioned above, add another crew, bid on more projects - with the thousands of miles of immediate coastline in this area - you have unlimited growth potential with this business. With the management and infrastructure already in place, you can't go wrong. The current Owner actually came from a Corporate Project Management Company and incorporated his procedures, policies, general operating forms, and planning tools to successfully start, market and advertise this growing business for the long term, regardless of who runs it. A brief sample is as follows:
This is just a small sample of how this business is so well managed and the day to day efficiency of its operations. In addition, all reports are in QuickBooks and easily maintained. Ever dreamed of being your own boss, enjoying the beautiful outdoors in paradise, living, and working in a thriving and growing community? This impeccable, well managed business has just become available. All this, and it is priced right! Please, do yourself a favor, call today, as this business will not last long on the market! Financials, Inventory and Equipment Lists, as well as fabulous pictures of completed projects, are available by e-mail and are at the Broker's Office. Disclosure: Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis. Information provided herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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