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Well Established Mechanical Insulation Company
Location: United States -> Florida -> Broward County
Industry: Business Services > Construction




Business Summary

Well established union shop. HVAC, mechanical and plumbing pipe insulation. There is slightly less than $1 million of contracted projects that have not even been started, and slightly less than $1 million in projects in progress. There is around $400,000 in accounts receivables that is included in the price of the business. These are the financial numbers from June 21st. The work that is performed is duct and piping insulation with flexible duct wrap blankets and rigid fiber glass pipe covering. Armaflex and foam glass. Steamers, Boilers, Generators and Exhaust. Very well known in the marine industry for custom fabrication of insulation for yachts. In 1970 the Previous Owner had another vision for the company to accommodate his contracting vision. He felt the best way to acquire the most qualified personnel was to become a Union Contractor and hire the best journeymen available to the industry. The decision was made to be a Union Contractor and draw from the local insulation chapter. There are six large named competitors in this market. There is plenty of work for all. Aggressive bidding on large projects would produce additional sales and profits. This Florida based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With a local presence and global marketing reach, Transworld Business Advisors has provided main-street and lower middle market business owners and buyers with transaction expertise for over 40 years. For more information on this business for sale contact listing agent Robert Cohen - (954) 536-2707. Please refer to listing #0101363668.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $2,470,341
Cash Flow:   $516,256
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $195,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1972
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train for 4 weeks at no cost
Reason For Selling:  Retirement




Print Listing Id: 700376254
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Also See: Franchise Opportunities > Franchise Resales > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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