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Contractors Company for Sale in California, United States

Home remodeling company headquartered in California for sale.
This transaction has concluded.

Established 40-50 year(s)
Employees 100 - 500
Legal Entity S Corporation
Reported Sales USD 33 million
Run Rate Sales USD 33.6 million
EBITDA Margin 17 %
Industries Building Contractors + 1 more
Locations  California
Local Time 12:27 PM Canada / Pacific
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 12 million (Native Currency: USD 12,000,000)
Reason: The owner is looking to retire. This is an advisor-represented profile. We do not charge any fee fro... View More
Includes physical assets worth USD 6.5 million
Interested to connect with advisors
Documents
For Sale
Teaser
Business Overview
Overview-
$ 41 million revenue projected in the current year.
$ 7.4 million profit projected in the current year.
December sales for the last year were $ 2.7 million.
January sales for this year were $ 3.1 million.
February sales for this year were $ 4.1 million.
March for this year were sales of $ 4.8 million.
Current backlog $ 8.5+ million (generating approx. $ 3.75 million gross profit)
Current average customer sales are $ 21,800 (up from $ 13,400 in 2019)
$ 33 million actual revenue in the last year.
$ 5.7 million actual profit in the last year.
Over 40 years in business.
Approximately 150,000 completed renovation projects.
250+ staff comprised of over 150 full-time employees plus approximately 100 full-time independent contractors (salespeople & installers)
Products & Services Overview
The company offers a wide product range and provides maintenance & remodel of kitchens, bathrooms, exteriors, siding, window & door replacement, etc. All of these add value to the family home and reduce energy costs. Very long-tenured management team and a family reputation among staff. Headquartered in California with several offices throughout much of the western 2/3rds of the US. Offers quick onsite finance approval for customers. Recent and future growth is driven by the company moving from outdated paper processes to an all-digital format, implementation of a CRM, and AI software. Opportunity to grow nationwide and expand the customer base beyond its current 330,000 homeowners prospect base.
The business is not tied to the highly cyclical construction or building industry and does not do any room additions.
Assets Overview
These information cannot be disclosed until an NDA has been signed.
Facilities Overview
Large footprint within the industry covering 16 states. Currently, all facilities are leased.
Capitalization Overview
Funded by internal profits.
Only 1 owner and any other information will be disclosed when an NDA has been received.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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