Fireproofing Insulation Netting $213K Only 10% Down

Business
  • Listing# : 18294
  • Listed Price : $500,000
  • Total Sales : $1,093,299
  • SIC : 1799
  • Down Payment : $50,000
  • Status : Active
  • Discretionary Earnings : $213,129

Business Type :

Construction / Contractor Insulation, Construction / Protective Coatings

Business Description :

This business has been pre-qualified for a loan with buyer only needing 10% down ($50,000). Buyer would take home after paying debt service $136,500. Buyer would earn their down deposit back within 5 months!

This very successful business is a spray fireproofing and insulation company that deals in commercial projects. Protection of structural steel components with Cementious and Intumesant products in various types of buildings. Their Insulation is sprayed fiber and cellulose products used in parking garages for thermal values and interior such as band rooms, gyms, etc. for sound control.  Business started in 2006 and they have had continued growth throughout the years making many upgrades and improvements along the way.

1.Business is turn key 

2. They have built good relationships with many general contractors

3. Very consistent in the amount of work they get each year

4. Taking over the duties of the owner now is a field supervisor who has excellent communication with general contractor superintendents on all sites as well as field representation and also doing the estimating portion of our business. 

5. Warehouse location allows them direct access to PA turnpike making it easy to get to and from job sites. 

6. Owner willing to stay on for a period of time for a very smooth transition 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $5,000
    • Incl : No
    • Liabilities $0
    • Incl :
    • FF&E $215,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $90,000
    • Incl : Yes
    • Total Assets $305,000
    • Incl : Yes

Lender Prequalified: Yes

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