BUSINESS TYPE: Successful New Home Finish Carpentry Contractor
LOCATION: Los Angeles Area
LISTING ID#: 6338
This Southern California company is a finish-carpentry trade contractor specializing in the installation of interior doors, trim, shelving components, crown moldings, and wainscoting in residential construction. It usually acts as a subcontractor to large homebuilders on new residential construction. Its primary focus is in tract developments of less than 100 lots by established regional builders.
Two 50% partners incorporated this company in 2008. At that time, both partners had over 20 years of experience working for a large construction company. The owners are now selling this company in order to prepare for retirement and to pursue other ventures.
Since its founding, this company has seen robust growth by focusing on the best margins in the residential finish carpentry trade. It has built an excellent reputation among homebuilders, developed strong systems and processes, and a created company culture that values thrift, efficiency, listening and learning. The residential home construction market in the region is very strong, recently seeing double-digit growth year over year. It has been a challenge for the construction industry to keep up with the demand. This company has potential opportunities to grow its capacity and respond to this unmet demand with a revitalized apprenticeship program. And with additional face-to-face marketing, the company has opportunities for even stronger growth.
Asking Price: $2,495,000
Cash Flow: $985,456
FFE: $150,000 (Included in Price)
Inventory: $20,000 (Included in Price)
Reason For Sale: Retiring
Training & Support: Training Included
Year Established: 2008
Operating Hours: M-F 7AM to 5PM
General Location: Los Angeles Area
Square Footage: 16,000 sf, including 4000 sf office space
Home Based?: No