Us Leading Finish Carpentry Business
www.GlobalBX.com
Listing ID:
700374627
Listing Title:
Us Leading Finish Carpentry Business
Quick Link:
http://www.globalbx.com/listing.asp?bId=374627
Industry:
Business Services
Industry Segment:
Other Services
Country:
United States
State / Province:
Area
City:
Asking Price Range:
$2.5M - $5.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
1997
Number of Employees:
4 - 5
Business Description:
Well established and respected Company that specializes in all aspects of finished carpentry products and services working primarily with large homebuilders of single-family homes and contractors of multi-family projects. The Company delivers projects in all aspects of finishing required for single family and multi-family residential dwellings such as interior and exterior doors, door frames, base boards, crown molding, hardware, built-in closets, fireplace mantles, etc. The Company's revenue is well diversified across multiple large homebuilding clients.
The Company has many opportunities to expand its product and service offerings to its existing client base, using the same skill sets that it already uses to perform its core services. There is ample opportunity for the Company to expand into providing more finished carpentry services to its core client base, including: windows, overhead garage doors, and storefront windows & doors.
Even though projects and revenues have been delayed in 2020 and 2021 YTD due to Covid, the Company expects a rebound at the end of 2021 and into 2022 based on revenue already under contract with large home builders of single family and multi-family residences. Pre-Covid Revenues were at 23.9MM in 2019 and 19.8MM in 2018, reflecting strong penetration into key accounts that will continue to drive future growth.
The services provided by the Company are in high demand by many of the largest homebuilders and multi-family developers active in the greater Southern CA area, which is one of the fastest growing economic regions in the Western U.S.
According to the FirstTuesdayJournal, after 18 months of decline, single family residential (SFR) starts turned positive at 31% above one year earlier in the six-month phase ending June 2021. During those same six months, multi-family construction starts also reversed course, up 26% from a year earlier.
The Business operates out of a 25,295 SF Building (owned by the Sellers that is also
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